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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 45-55
  • Weibo cuts IPO size amid selloff in technology stocks

    (Reuters) - China's Weibo Corp, a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth. The...
  • Feds charge Rothstein's former CFO Irene Stay

    Feds charge Rothstein's former CFO Irene Stay
    Federal prosecutors filed a criminal charge Wednesday against Scott Rothstein's former bookkeeper, who became the chief financial officer of his law firm, court records show. Irene Stay, now Irene Shannon, 50, of Miami, was charged with a lone count...
  • Heartbleed computer bug shouldn't be dismissed

    If your heart skipped a beat when you heard about the latest major online security threat, a bug called Heartbleed, calm down. It's not worth having a heart attack over. But you can't dismiss Heartbleed, either. You likely will have to change some...
  • 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...
  • 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...
  • 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 2 years, came despite lower loan losses and better than expected results in...
  • READER SUBMITTED: Thomaston Savings Bank Receives United Way's Spirit Of Excellence Award

    Thomaston Savings Bank was presented with the United Way of Greater Waterbury's Spirit of Excellence Award on April 10 at the United Way Community Leaders Dinner and Awards. The Spirit of Excellence Award is presented to companies who run a workplace...
  • READER SUBMITTED: Kimberly Anne Curry Of Thomaston Savings Bank Achieved President's Council For 2013

    Thomaston Savings Bank would like to congratulate Kimberly Anne Curry, AVP/Branch manager of the Main Office of Thomaston Savings Bank for achieving President's Council for 2013, the Vantis Life Insurance Company's top sales award in the state of...
  • 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...