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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles

Displaying items 34-44
  • Tensions over money flows bode poorly for global economy

    WASHINGTON (Reuters) - For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried. For poor nations, the easy monetary policies in advanced economies are leading...
  • Colleges now try to foster the entrepreneurial spirit

    In a fishbowl-like room in Lehigh University's Wilbur Powerhouse, abstract ideas take on physical form. A 3D printer cranks out computer-generated designs, half-finished projects spill across work tables and scribbled notes fill blackboards in the...
  • Convicted Allfirst trader seeks redemption hiring others

    Convicted Allfirst trader seeks redemption hiring others
    John M. Rusnak was preparing to open a ZIPS dry cleaning business in Pasadena when a job seeker walked in from a nearby drug recovery house. The applicant had little experience, was recovering from a heroin addiction and had a misdemeanor charge on his...
  • ECB would need to go beyond ABS market for potential QE: Draghi

    WASHINGTON (Reuters) - The European Central Bank could not rely solely on purchases of asset-backed securities (ABS) if it resorts to unconventional steps to boost inflation, given the limited supply of the securities, ECB President Mario Draghi said on...
  • Draghi says a stronger euro would trigger looser ECB policy

    Draghi says a stronger euro would trigger looser ECB policy
    WASHINGTON (Reuters) - The European Central Bank will ease monetary policy further if the euro keeps strengthening, President Mario Draghi said on Saturday as world finance chiefs ramped up pressure on Europe to ward off deflation. In the clearest signal...
  • British investors demand banks stick to lockups on share sales

    LONDON (Reuters) - British investors have called upon investment banks to stick closer to lock-up agreements on sales of company shares after a major transaction, saying it would ensure more stable markets. The Association of British Insurers (ABI) -...
  • Wells ignited first-quarter brokerage profit with managed account sales

    NEW YORK (Reuters) - Strong sales of fee-based managed investment accounts by Wells Fargo & Co. brokers fueled a 41 percent jump in net income in the bank's "Wealth, Brokerage and Retirement" unit during the first quarter. The fourth-largest U.S. bank...
  • Lehigh County man charged in fraudulent car loan scheme

    A Lehigh County man faces federal charges he conspired with others to take out nearly $170,000 in allegedly fraudulent loans to buy luxury cars and sport-utility vehicles from Lehigh Valley dealerships. John Cordero, 35, of Breinigsville was charged...
  • GM, Comcast hearings struggle selling stories

     GM, Comcast hearings struggle selling stories
    It is not uncommon for someone to sell a bill of goods when appearing before a Senate or House panel. What's rare for a hearing on Capitol Hill is for an elected official to actually solicit goods. "Somebody can sell me a product at this hearing,...
  • U.S. charges nine in international hacking conspiracy; two extradited from UK

    WASHINGTON (Reuters) - Nine people have been charged in an alleged international conspiracy that used malicious software to gather bank account details and use the information to steal millions of dollars, including from accounts held at a Nebraska bank,...
  • Ex-Banker Turns to Famous Friends to Make Social-Justice Films

    Thomas Morgan's career path began to change the day he went to his daughter's school presentation. His transformation solidified the day he met actress Susan Sarandon. Morgan, an investment banker, became involved after the event as his daughter and a...