topic-04006002 News Coverage on Banking - CTNow
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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
  • Baltimore County bouncer turned businessman is in the fight of his life

    Baltimore County bouncer turned businessman is in the fight of his life
    The nightclub insurer promised to fight for its clients — its promotional material shows a man socked in the face with a boxing glove. But founder Jeffrey B. Cohen fights everything. He went after competitors, clients, former employees and even...
  • Five questions for financial gerontologist Cyndi Hutchins

     Five questions for financial gerontologist Cyndi Hutchins
    As baby boomers ebb out of the workforce and into retirement, financial advisers are helping wind down their clients' careers by preparing them for soon-to-be-reduced incomes. Meet Cyndi Hutchins, Bank of America Merrill Lynch's director of financial...
  • Former BofA short-sales employee gets prison term for taking bribes

    Former BofA short-sales employee gets prison term for taking bribes
    A former Bank of America mortgage employee was sentenced to 30 months in prison for pocketing $1.2 million in payoffs to approve sales of distressed properties for far less than their actual value. Kevin Lauricella, 29, who had worked for BofA in Simi...
  • Sterling may have to sell $500M in real estate holdings

    LOS ANGELES — Donald Sterling may have to sell $500 million in real-estate holdings after he revoked a family trust to try to prevent his wife from selling the Los Angeles Clippers without his consent, an executive for Sterling said Monday. Darren...
  • Sterling CFO warns of 'severe consequences' if Clippers are not sold

    Sterling CFO warns of 'severe consequences' if Clippers are not sold
    Donald Sterling's move to dismantle a family trust in order to block the sale of the Clippers could cause three banks to call for repayment of $480 million in loans and force the billionaire to sell part of his apartment empire, his chief financial...
  • Bank of America won't take no for a permanent answer

     Bank of America won't take no for a permanent answer
    The letter Richard Knee received from Bank of America opened with a warning: "You may be missing out on valuable offers." "According to our records, you are not being mailed offers from Bank of America because you have opted out of postal mail marketing...
  • Fewer than 3 percent of nation's banks are minority institutions

    Fewer than 3 percent of the nation’s 6,730 banks are minority institutions, but that’s still a bigger percentage than a decade ago, according to a study released Monday by the Federal Deposit Insurance Corp. The FDIC defines a “...
  • Bruce Makowsky Lists Another Beverly Park Mansion

    SELLER: Bruce Makowsky LOCATION: Beverly Hills (Post Office), CA PRICE: $25,000,000 SIZE: 12,500 square feet, 8 bedrooms, 10 bathrooms YOUR MAMA'S NOTES: Married ladies accessories tycoons Bruce Makowsky and Kathy Van Zeeland -- they've earned a...
  • Village officials herald signs of growth in Mundelein

     Village officials herald signs of growth in Mundelein
    The former Dominick's building at Midlothian Road and Route 176 may still be empty, but there are other signs of growth in Mundelein, according to John Lobaito, village administrator. Restaurants have opened or expanded, a new fitness center just opened...
  • Summer jobs prepare the next generation [Commentary]

    Summer jobs prepare the next generation [Commentary]
    I landed my first summer job when I was 16. The qualifications were straightforward — possess strong decision-making skills, the ability to negotiate and compromise with colleagues, and the strength to maintain a calm demeanor in the face of...
  • U.S. targets deposits paid to smugglers bringing kids to the U.S.

    A crackdown on smuggling rings bringing thousands of Central American children to the U.S. has resulted in 192 arrests and the seizure of $625,000 in U.S. bank holdings, Homeland Security Secretary Jeh Johnson announced. The arrests took place under a...