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Banking

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Top Banking Articles

Displaying items 78-88
  • Ballmer's sole role at Microsoft now is investor

    By stepping down from Microsoft's board of directors Tuesday, Steve Ballmer shed the last of his management ties to the company, ending one of the most lucrative but ultimately mixed leadership runs in corporate America. Ballmer sent a letter Tuesday...
  • Massive fraud plus lavish lifestyle equals 30 years

    Massive fraud plus lavish lifestyle equals 30 years
    Darryl Burke spent the past 25 years ripping off millions of dollars, hiding from the feds and, when authorities did catch up to him, bouncing in and out of prison. He defied the system. He hid behind aliases. He lived it up at a South Florida...
  • Citigroup seeks to exit Japanese retail banking : source

    TOKYO (Reuters) - Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anemic lending. The...
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • 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 of Bank of America settlement, Bondi says

    Florida to get $1 billion of Bank of America settlement, Bondi says
    A massive settlement announced Thursday between Bank of America and the U.S. Department of Justice will provide about $1 billion in assistance to thousands of Floridians, state Attorney General Pam Bondi said Thursday. The settlement, which totals $16....
  • Stonegate acquires Community Bank of Broward

    Stonegate acquires Community Bank of Broward
    Expanding Stonegate Bank announced Monday that it will acquire another bank, Community Bank of Broward, the seventh such acquisition in five years. The Fort Lauderdale-based Stonegate said it signed a definitive agreement to take over all the operations...
  • J. Edward Houston, lawyer, banker and Broward County civic leader, dies at 81

    J. Edward Houston, a lawyer, banker and civic leader who helped modernize Broward County in the 1970s and 1980s, died Monday at his home in Fort Lauderdale. He was 81. The son of a Dania Beach mayor, Houston was known for leading the growth of Barnett...
  • Lehman's London staff win $300 million pensions fight

    LONDON (Reuters) - More than 2,400 former Lehman Brothers bankers based in Britain will have their pensions paid in full after winning a six-year battle to receive their money from parts of the collapsed U.S. investment bank. The remains of the...
  • Settlement brightens outlook for Bank of America, fund managers say

    NEW YORK (Reuters) - Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say....
  • Bank of America's $16.65 billion: Where will it go?

    In its $16.65 billion settlement announced Thursday, Bank of America is making $9.65 billion in cash payments to various federal agencies and six states, plus providing $7 billion in consumer relief. The bank said the settlement will reduce its third-...