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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 67-77
  • 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....
  • 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...
  • 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...
  • 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...
  • WNBA Eastern Conference finals: Sky vs. Fever

    WNBA Eastern Conference finals: Sky vs. Fever
    Best-of-three Game 1: 6 p.m. Saturday at Bankers Life Fieldhouse; NBA TV. Game 2: 3 p.m. Monday at Allstate Arena; NBA TV. Game 3: 6 p.m. Wednesday at Bankers Life Arena; NBA TV (if necessary). At stake: Winner meets either Phoenix or defending...
  • Real estate notebook: Trophy office buildings sell in Palm Beach County

    Two "Class A" office buildings in Palm Beach County traded recently for a combined $226.35 million. CPT Equity LLC, a Greenwich, Conn.-based firm, paid $150 million for CityPlace Tower, a 300,000-square-foot property along Okeechobee Boulevard in West...
  • Telecom Italia in a bind after losing GVT bid battle

    PARIS/LONDON/MILAN (Reuters) - Telecom Italia has lost a promising path to earnings growth by failing to secure Brazilian broadband business GVT and may now turn from hunter to hunted in a fast-consolidating telecoms industry. Winning the auction for...
  • New York, California reap mini-bonanza from Bank of America settlement

    NEW YORK/LOS ANGELES (Reuters) - A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday. The settlement announced by the U.S. Department...
  • China juices liquidity, and risk, at OTC exchange

    SHANGHAI August 22 (Reuters) - Chinese brokerages will start making markets next week on China's New Third Board, its leading over-the-counter (OTC) exchange but one long derided as a dead-end market populated by small little-known, opaquely managed...
  • Foresight wins Goldman big role in China's preferred shares deals

    HONG KONG (Reuters) - As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees....
  • Florida to get $1 billion from Bank of America settlement

    Florida to get $1 billion from Bank of America settlement
    Nearly 17,000 Floridians will receive more than $1 billion in relief as part of a record-setting national settlement with Bank of America, the Florida Attorney General's Office announced Thursday. Bank of America Corp. agreed to pay $16.65 billion to...