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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 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...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • China June consumer inflation cools, more stimulus expected

    BEIJING (Reuters) - China's consumer inflation cooled slightly more than expected in June, pointing to lingering weakness in the economy which could prompt Beijing to launch further stimulus measures to shore up growth. The consumer price index (CPI)...
  • China June bank loans beat expectations as Beijing steps on the gas

    BEIJING (Reuters) - Beijing stepped up efforts to re-energise China's economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a...
  • Payday loan case showcases brutal interest rates in an industry under fire

    Tiffany Kelker was stuck. In January 2011, finding herself in need of some financial assistance after the holidays, she had taken out a $600 "payday loan" from an online lending business that advertised fast cash. In the ensuing months, however, the...
  • TowneBank plans to acquire Franklin Financial in expansion to Richmond

    TowneBank plans to acquire Franklin Financial in expansion to Richmond
    Suffolk-based TowneBank, the largest community bank in Hampton Roads, announced Tuesday it plans to acquire Franklin Financial Corp. as it expands to Richmond in a deal valued at $275 million. The 15-year-old TowneBank signed a merger agreement with...
  • F1 boss Ecclestone explains 'insurance policy' payment to German banker

    MUNICH Germany (Reuters) - Lawyers for Formula One boss Bernie Ecclestone held talks with German prosecutors on Tuesday to try to settle a bribery trial that threatens his grip on the motor sport. Ecclestone, 83, went on trial in Munich in April over...
  • 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...
  • Real estate notebook: McCraney breaks ground on warehouses near West Palm

    McCraney Property Co. recently broke ground on 100,000 square feet of warehouses in the Vista Business Park near West Palm Beach. The project, announced this spring, is the first development in five years at the 500-acre park off Okeechobee Boulevard and...
  • Japan's samurai bond issuance on track to set record this year

    TOKYO (Reuters) - Japan's samurai bond market is on track for a record year, as low issuance costs and yield-starved Japanese investors tempt more foreign companies to issue yen-denominated debt. The popularity of samurais might seem counterintuitive, as...
  • 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...