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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 89-99
  • 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....
  • Flippers, landlords find new home-loan money

    Flippers, landlords find new home-loan money
    Orlando landlord Brian Lunsford needed $40,000 to renovate a house that a college student almost burned down, so he turned to an online crowdfunding site. Within two days, more than a dozen investors had each agreed to loan him an average of $2,800...
  • Jim O'Neill: Calm in financial markets rests on faith in the Fed

    Talk about a summer lull. I worked in finance for the best part of 30 years, and I can't remember a period quite like this. Such a peculiar calm presents certain challenges. I'm almost glad not to be more actively involved. To begin with, coping with the...
  • Bank of America reaches record $16.65B mortgage settlement

    CHARLOTTE, N.C. Bank of America will pay $16.65 billion in a settlement with the U.S. government and various states over soured mortgage bonds, under a landmark pact announced Thursday. The deal, which has been expected for weeks, calls for the...
  • Paul Hoffman, director, Dresner Partners

    Paul Hoffman, director, Dresner Partners
    Chicago-based investment bank Dresner Partners has promoted Paul Hoffman to director from senior vice president. Prior to joining Dresner Partners, Hoffman worked for nine years at Bank of America Securities in Chicago. Hoffman has a B.A. in economics...
  • 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....
  • It’s a Small World opens at Disneyland

     
    Walt Disney pours water from canteen into a channel through new Disneyland attraction, "It's a Small World."...
  • Bank of America settles mortgage fraud case for $16.65 billion

    WASHINGTON The Justice Department on Thursday announced a $16.65 billion settlement with Bank of America, a record-setting deal that helps homeowners and ends myriad state and federal investigations triggered by the nation's mortgage meltdown. The...
  • Man pleads guilty over 'Hot Lips' account used to evade U.S. taxes

    NEW YORK (Reuters) - A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes....
  • Bank of America settles mortgage probes for $16.65 billion

    WASHINGTON/NEW YORK (Reuters) - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank...
  • 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...