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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
  • 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....
  • Insight: How aggressive lending came back to bite South African bank Abil

    JOHANNESBURG (Reuters) - Unemployed South African construction worker Daniel isn't sure how he fell so deeply in debt. All he knows is that African Bank Investments , which was bailed out this month, kept offering him money and he kept taking. "I can't...
  • Illinois will receive $300 million in Bank of America settlement

    Illinois will receive $300 million in Bank of America settlement
    Bank of America and the Justice Department have reached a record settlement of almost $17 billion to end a long-running probe into the marketing and sale of toxic mortgage securities by the bank and particularly its Countrywide Financial and Merrill Lynch...
  • 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...
  • Stock traders seek edge in pre-market twilight zone

    LONDON (Reuters) - On most weekday mornings over the past year, Paris-based financial trader David Sibi has turned on a computer program designed to try and beat the U.S. stock market before it even opens. Scouring multiple trading venues that offer U.S....
  • Waterfront property near Annapolis offers home on a private peninsula

    Waterfront property near Annapolis offers home on a private peninsula
    Three nautical miles from downtown Annapolis but seeming worlds away is the private peninsula where Mill and Burley creeks meet the Chesapeake Bay — and where 2077 Maidstone Farm Road, a nine-acre estate with 2,000 feet of waterfront, awaits its new...
  • 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...
  • BofA's Montag becomes sole COO as co-COO relocates: Bloomberg

    (Reuters) - Thomas Montag will become Bank of America Corp's sole chief operating officer as co-COO David Darnell takes a new title after asking to relocate to Florida, Bloomberg reported. Darnell will serve as vice chairman and continue to oversee...
  • Hires and promotions at Lehigh Valley businesses

    JOHN ARRINGTON has been selected as the executive vice president and Nittany Region president of National Penn Bancshares Inc. He will serve on different operating committees and is responsible for executive management in Centre County, such as...