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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
  • Growth slightly lower than 7.5 percent 'acceptable': China's Li

    SHANGHAI/BEIJING (Reuters) - Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official Xinhua news agency reported late on...
  • Texans plead guilty to stealing more than 50,000 pieces of mail

    AUSTIN Texas (Reuters) - Two Texans pleaded guilty to stealing more than 50,000 pieces of mail and then removing checks, credits cards and other items from letters that they turned into cash and merchandise, U.S. prosecutors said on Thursday. Charles...
  • Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...
  • Merrill Lynch Wealth profit strained by expenses

    NEW YORK (Reuters) - Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday. The...
  • Bookkeeper charged with bilking ex-employer

    Bookkeeper charged with bilking ex-employer
    A former employee of a Palm Beach County-based marble firm swindled over $340,000 from company accounts, according to a grand jury indictment filed in West Palm Beach federal court. As the bookkeeper for Palm Beach Marble Imports, Darlene Powell...
  • U.S. hedge fund charts recovery plan for American Apparel

    (Reuters) - Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that...
  • Wells Fargo profit increases 3.8% as home lending regains traction

    With solid quarterly results, Wells Fargo & Co. showed why it has become a darling of banking investors, but it also raised a crucial question: How can the San Francisco financial giant continue its hot stock performance at a time when economic growth...
  • UCLA's John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)

     UCLA's John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)
    You can donate to a PAC, buy a Tesla or order a Domino's pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only "Now what?" but "What?," period. Any currency that's not tied to something like gold is...
  • Raymond James' executive sees record recruiting year for top advisers

    NEW YORK (Reuters) - U.S. investment bank and brokerage firm Raymond James Financial expects 2014 to be its best recruiting year since the global financial crisis, at a time when top brokers are reluctant to change jobs, a senior executive at the firm...
  • Ellen DeGeneres sells trophy home to tech billionaire Sean Parker

    Ellen DeGeneres sells trophy home to tech billionaire Sean Parker
    Ellen DeGeneres has sold the A. Quincy Jones-designed Brody House on Los Angeles' Westside to Napster co-founder Sean Parker for $55 million in an off-market deal. Built in 1950 for real estate developer Sidney Brody and his wife, modernist art...
  • Bank awards grants to local groups

    The Bank of America Charitable Foundation recently awarded grants to four area nonprofits, according to a Bank of America news release. The Girls Inc. of Orange County chapter and Working Wardrobes, both of Costa Mesa, each received $10,000. The...