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Banking

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Top Banking Articles

Displaying items 67-77
  • Multa a Bank of America no le afectó y suben sus acciones

    Multa a Bank of America no le afectó y suben sus acciones
    WASHINGTON - La multa "histórica" a Bank of America por sus negocios con hipotecas basura antes de la crisis supera a las impuestas a Citigroup o JP Morgan, pero no parece haber impresionado a Wall Street, donde sus acciones subieron, ni a los grupos...
  • BofA to pay $16.65 billion over soured home loans in mortgage meltdown

    Bank of America Corp. will pay a record $16.65 billion to resolve government claims over soured home loans in what is probably the last major settlement stemming from the mortgage meltdown. The deal also largely closes the chapter on the bank's...
  • McDonnell trial: Researchers wary of McDonnell's Anatabloc ties

    McDonnell trial: Researchers wary of McDonnell's Anatabloc ties
    University of Virginia researchers were uncomfortable about the governor’s apparent support for Anatabloc, a supplement they considered studying at its maker’s behest, a key university official testified Monday during the federal corruption...
  • When a budget deficit hawk gets into debt

    When a budget deficit hawk gets into debt
    Gov. Bob McDonnell was blunt: The nation's debt, he told a radio audience back in 2010, was so large that it was "immoral and unsustainable." That year, the federal government's debt stood at $13.6 trillion, roughly six times its total annual income....
  • 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...
  • The Mortgage Professor: The CFPB is now a consumer complaint clearinghouse: Will that help consumers?

    Markets for financial services often don't work well for consumers. The trial and error technique that consumers rely on in navigating many markets, such as food and clothing markets, does not work well when transactions are large and infrequent....
  • BofA admits to post-crisis mortgage failures as part of settlement

    NEW YORK (Reuters) - Bank of America Corp has long argued to enforcement officials that it was being forced to pay for the sins of companies it acquired in the crisis, but on Thursday the bank admitted at least some of its mortgage problems happened on...
  • Ruling good for community associations: My Word

    With a recent ruling by Florida's Fifth District Court of Appeal, community associations scored a victory that will provide them with financial relief during the fragile real-estate recovery. It marks a turning point in community associations' ongoing...
  • Brazil telecom battle heats up as Oi tries to buy, split TIM

    RIO DE JANEIRO/PARIS (Reuters) - Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by...
  • RBS settles copyright lawsuit after U.S. judge blocks software's use

    RBS settles copyright lawsuit after U.S. judge blocks software's use
    NEW YORK (Reuters) - Royal Bank of Scotland Group Plc said on Wednesday it had reached a settlement allowing it to use a key piece of software in its trade finance business that a U.S. judge had prevented the bank from using due to copyright infringement....
  • Amistad America Put Into Receivership

    Amistad America Put Into Receivership
    An independent receiver was appointed Thursday to take command of Amistad America Inc., the troubled nonprofit group widely criticized for its management of the replica slave ship that it has controlled since the ship's launch 14 years ago. Attorney...