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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 78-88
  • Bank of America near $16 billion settlement over mortgage bonds

    Bank of America near $16 billion settlement over mortgage bonds
    Bank of America is close to a deal with the Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis, a person familiar with the matter...
  • Kelvin Benjamin has big grab in Panthers' loss to Bills

    So that's why the Carolina Panthers let Steve Smith go or at least one of the reasons. It was one catch in an August exhibition, but rookie wide receiver Kelvin Benjamin showed why the Panthers envisioned him as their future No. 1 receiver when they...
  • READER SUBMITTED: Coldwell Banker Residential Brokerage Cares Foundation Donates $5,000

    The Coldwell Banker Residential Brokerage Cares Foundation is pleased to have recently donated $5,000 to the EverWonder Children's Museum in Newtown. The donation was made through a request by the Coldwell Banker Residential Brokerage office in Newtown...
  • Audits: As Amistad Finances Collapsed, State Money Kept Flowing

    Audits: As Amistad Finances Collapsed, State Money Kept Flowing
    When the cash began running out at the nonprofit Amistad America Inc., officials defaulted on bank loans, skimped on bills, borrowed from employees and used state grant money as a temporary loan against other grants, a series of audits released Friday...
  • Tesla X to devour premium SUV market: Morgan Stanley report

    Tesla X to devour premium SUV market: Morgan Stanley report
    Tesla's Model X crossover electric car is going to outsell the company's Model S sedan, and is "ready to feast" upon an unsuspecting premium SUV marketplace, says the financial firm Morgan Stanley. A report this week stated that the much-anticipated,...
  • Patterson Resigns As CEO Of Bankwell Financial Group

    Peyton R. Patterson, who gained statewide prominence a decade ago leading the conversion of New Haven Savings Bank into a publicly-traded company, has resigned from her current post as chief executive of a New Canaan-based lender, citing personal reasons....
  • Home equity line defaults are likely to rise

    Home equity line defaults are likely to rise
    A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing. Many homeowners who took out home equity lines, essentially second mortgages, during...
  • BofA said to agree to pay up to $17 billion in settlement

    Bank of America has agreed in principle to pay between $16 billion and $17 billion to settle with the U.S. Justice Department over the sale of faulty mortgage bonds, a person familiar with the talks said Wednesday. The news came the same day the bank...
  • C&F Bank names two new Peninsula managers

    C&F Bank named Susan Burns as manager of the Kiln Creek office and Eric Floyd as the branch manager in Hampton Burns will be focusing on growing business banking relationships to include lending and a full array of deposit solutions, according to a news...
  • U.S. economy grows at scorching 4 percent in 2nd quarter

    WASHINGTON The much-stronger-than-expected 4 percent rate of annual U.S. economic growth from April through June, reported Wednesday by the Commerce Department, put to rest fears that the U.S. economy was slipping into low gear. Offsetting a dismal start...
  • READER SUBMITTED: Thomaston Savings Bank Supports The Boys And Girls Clubs

    Thomaston Savings Bank has continuously supported the Boys and Girls Clubs of America within the communities it serves through grants, donations, and employee volunteer efforts. The Bank is proud to support an organization which positively impacts so...