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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
  • Bank of America reaches record $16.65B mortgage settlement

    CHARLOTTE, N.C. Bank of America will pay $16.65 billion in a settlement with the U.S. government and various states over soured mortgage bonds, under a landmark pact announced Thursday. The deal, which has been expected for weeks, calls for the...
  • Sitting Down With Bank Of America CEO Brian Moynihan

    Sitting Down With Bank Of America CEO Brian Moynihan
    Bank of America CEO Brian Moynihan stopped recently in Farmington to visit a major office of the bank's home equity lending business. In the past 18 months, the location has added 200 employees, for a total of 650, most of them in home equity. More...
  • Draghi dials R for Reform. Line is busy

    FRANKFURT (Reuters) - Two years ago, euro zone government leaders hung on Mario Draghi's every word. Now the European Central Bank chief is struggling to get through to them. What has happened to 'Super Mario's' mojo? For financial markets, Draghi's...
  • Discover card shares top spot in J.D. Power satisfaction ranking

    Discover card shares top spot in J.D. Power satisfaction ranking
    For the first time since 2007, American Express must share a J.D. Power award for highest customer satisfaction of credit-card companies. Riverwoods-based Discover Financial Services was in a dead heat with American Express for the top score in the 2014...
  • Big U.S. banks seek new clarity on risks of marijuana-linked accounts

    ST. LOUIS (Thomson Reuters Accelus) - Major banks are getting increasingly wary of some transactions with smaller banks that have begun to allow marijuana businesses to open accounts. Officials at the bigger institutions say they fear being in breach of...
  • Bank of America seeks to void verdict in $1.27 billion 'Hustle' case

    NEW YORK (Reuters) - Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. The bank urged U.S....
  • Defendant called 4 slayings 'just kills,' charging papers say

    SEATTLE A man already charged with two homicides in Seattle and a third in New Jersey was charged Wednesday with an additional count of aggravated first-degree murder in the April drive-by slaying of a Skyway, Wash., man. That makes a total of four...
  • JPMorgan, BofA to raise junior banker pay by 20 percent: sources

    NEW YORK (Reuters) - JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. JPMorgan executives are determined to pay competitively with other...
  • Bank of America's nearly $17 billion settlement could be announced Thursday

    Bank of America's nearly $17 billion settlement with the U.S. Department of Justice over soured mortgage bonds could be announced as early as Thursday, a source familiar with the talks told the Charlotte Observer Wednesday. Bloomberg News, citing a...
  • McDonnell trial: Another brutal courtroom day for Maureen McDonnell

    McDonnell trial: Another brutal courtroom day for Maureen McDonnell
    RICHMOND — Former first lady Maureen McDonnell was a woman on the warpath some days at the governor's mansion, a close assistant testified Tuesday in Bob and Maureen McDonnell’s continuing trial on federal corruption charges. At one point, a...
  • Can you flip a house for profit in this market?

    Can you flip a house for profit in this market?
    If flipping a house in today's real estate market seems riskier than trekking with a ragtag band of hobbits to Mordor, take heart: Home flippers can still find plenty of opportunities, though they're not entirely without risk. It may seem...