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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
  • Mortgage rates ease, Freddie Mac says: 30-year fixed averages 4.17%

    Mortgage rates ease, Freddie Mac says: 30-year fixed averages 4.17%
    Mortgage interest rates eased slightly this week, with lenders offering 30-year fixed-rate home loans to solid borrowers at an average of 4.17%, down from 4.2% a week earlier, Freddie Mac said. The 15-year fixed-rate mortgage averaged 3.3%, down from 3....
  • GE Capital to refund $225 million to settle credit card allegations

    GE Capital to refund $225 million to settle credit card allegations
    GE Capital agreed to pay $225 million to about 750,000 customers to settle federal allegations of deceptive and discriminatory credit card practices, federal officials said. The claims included an accusation that the financial firm barred Latino...
  • NBA All-Star Kevin Garnett takes a loss in home sale

    NBA All-Star Kevin Garnett takes a loss in home sale
    Kevin Garnett of the Brooklyn Nets has sold his home in Concord, Mass., for $3.635 million. The veteran NBA forward-center paid $4.625 million for the modern home in September 2007 after being dealt by the Minnesota Timberwolves to the Boston Celtics....
  • John Doe prosecutors allege Scott Walker at center of 'criminal scheme'

    John Doe prosecutors allege Scott Walker at center of 'criminal scheme'
    MadisonĀ — Prosecutors allege Gov. Scott Walker was at the center of an effort to illegally coordinate fund raising among conservative groups to help his campaign and those of Republican state senators facing recall elections during 2011 and '12,...
  • Foreign debt default is unavoidable, Argentine officials say

    Foreign debt default is unavoidable, Argentine officials say
    Although Argentina's apparently imminent default on its foreign debt is unlikely to trigger a rerun of the economic and political crises that nearly tore the country apart a decade ago, it could usher in a new era of hardship, analysts said Friday....
  • Man who stole from law clients sentenced to 12 years

    A Newport Beach man was sentenced by an Orange County Superior Court judge Friday to 12 years in state prison for stealing more than $780,000 from nine victims while acting as their attorney. Peter David Nitschke, 47, pleaded guilty Feb. 3 to six...
  • Film Review: 'It's Only Make Believe'

    Despite the title, there's nothing very fanciful about the trials endured by the heroine of "It's Only Make Believe," or her doggedly realistic responses to them. Still, there's a breathless hyperreality to Arild Ostin Ommundsen's latest feature that...
  • Judge seizes ex-Emanuel comptroller's bank accounts

    Judge seizes ex-Emanuel comptroller's bank accounts
    A federal judge in Ohio has ordered that $107,000 be seized from the bank accounts of former Chicago city comptroller Amer Ahmad, who was arrested in Pakistan last month after fleeing the country. The money, held in two bank accounts controlled by Ahmad,...
  • 'Mat' In America: U.S. Manufacture Succeeds for WeatherTech

    'Mat' In America: U.S. Manufacture Succeeds for WeatherTech
    Three minutes into the second quarter of the Super Bowl, soon after a Bank of America ad featuring a new song by U2 and Tim Tebow shilling for T-Mobile, a curious 30-second spot broke the slick run of corporate pitchmen. It looked like a local cable ad: A...
  • U.S. appeals court endorses wrist-slaps for bank wrongdoing

    U.S. appeals court endorses wrist-slaps for bank wrongdoing
    U.S. District Judge Jed Rakoff, the federal judiciary's most outspoken critic of court settlements that let Wall Street bankers off easy, has been slapped down again. Rakoff, 70, was rebuked Wednesday by federal appellate judges in New York -- his...
  • In historic step, ECB pushes bank deposit interest rate below zero

    In historic step, ECB pushes bank deposit interest rate below zero
    In a bid to spur growth and avert the dangerous threat of deflation bedeviling the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below...