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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
  • Bank of America's financial crisis costs become a recurring nightmare

    (Reuters) - Bank of America Corp's financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as...
  • Bank of America loses money in 1st quarter after settlement

    CHARLOTTE, N.C. Bank of America Corp. was once again hammered by financial crisis-era legal woes in the first quarter, and Wednesday's earnings report raised fresh questions about just how much the bank will be forced to pay going forward. The...
  • Shares of boutique investment bank Moelis rise in debut

    (Reuters) - Shares of Moelis & Co rose as much as 9 percent in their debut on Wednesday despite recent market pressure on financial stocks including boutique investment banks. Underwriters cut the size of the offering and priced it below its targeted...
  • Bank of America's mortgage crisis costs become a recurring problem

    (Reuters) - Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items. The...
  • BofA Wealth boasts record first-quarter revenue but profit slows

    NEW YORK (Reuters) - Bank of America's wealth management businesses slowed in the first quarter, with profit at its Merrill Lynch brokerage and U.S. Trust private banking units slipping 6.5 percent to $729 million from $777 million in the last quarter...
  • Exclusive - Bahrain's Ahli United Bank considers sale or merger: sources

    By Anjuli Davies, Pamela Barbaglia and Sophie Sassard LONDON (Reuters) - Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion deal, several bankers familiar with the situation...
  • BofA reports first quarterly loss since 2011 on lofty legal bill

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Revenue...
  • Mortgage-related legal costs sock BofA with $276-million loss

    Mortgage-related legal costs sock BofA with $276-million loss
    Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply. The quarterly loss, its first in 2½ years, came despite lower loan losses and better than expected results in...
  • Allentown's National Penn Bank bids for Baltimore bank

    Allentown's National Penn Bank bids for Baltimore bank
    An Allentown bank has submitted the highest bid to acquire a Baltimore bank whose parent is in bankruptcy. National Penn Bancshares, which last moved its corporate headquarters from Boyertown to Allentown as part of the downtown revitalization sparked by...
  • Baltimore's titans of banking have fallen to out-of-state competitors

    Baltimore's titans of banking have fallen to out-of-state competitors
    In recent years, Maryland has seen many local banks acquired by out-of-state rivals. A little over a decade ago, the state had 139 banks based here, with 20 of them separately chartered affiliates of Mercantile-Safe Deposit & Trust Co., according to the...
  • 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...