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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
  • Bank of America earnings tumble 43% on mortgage litigation costs

    Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas. Bank of America said...
  • 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...
  • Merrill Lynch Wealth profit strained by expenses

    NEW YORK (Reuters) - Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter, the company said on Wednesday. The...
  • Murdoch is pouncing on Time Warner while rivals are distracted

    NEW YORK (Reuters) - Rupert Murdoch looks to have been canny in his $80 billion takeover approach to Time Warner Inc, cornering the media giant at a time when potential "white knight" bidders are busy absorbing their own large deals. The absence of...
  • Lauderhill man pleads guilty to bank fraud, faces up to 30 years in prison

    A Lauderhill man pleaded guilty Friday to committing bank fraud that cost the IRS more than $200,000. Willy Toussaint, 41, faces up to 30 years in prison, five years of probation and a $1,000,000 fine, according to the U.S. Department of Justice....
  • 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...
  • Ty Warner lawyers call tax dodging sentence 'reasonable'

    Ty Warner lawyers call tax dodging sentence 'reasonable'
    Lawyers for convicted tax evader Ty Warner said his sentence of two years’ probation was reasonable, pointing out that the punishment of the Beanie Babies billionaire was consistent with more than half of the offshore banking cases that the...
  • Bookkeeper charged with bilking ex-employer

    Bookkeeper charged with bilking ex-employer
    A former employee of a Palm Beach County-based marble firm swindled over $340,000 from company accounts, according to a grand jury indictment filed in West Palm Beach federal court. As the bookkeeper for Palm Beach Marble Imports, Darlene Powell...
  • Downers Grove man sentenced in bank fraud

    A Downers Grove man has been sentenced for defrauding Aurora-based Old Second National Bank out of more than $340,000 through his now-defunct Urban Motors Corp. car dealership. U.S. District Judge John Tharp gave Tariq Khan, 38, five years of...
  • Big business finally learns that wellness is good business

    2014 has been the year when the discussion of well-being has migrated from health and wellness magazines to business magazines. Wellness, and how to integrate it into our work lives, has become the hottest topic in the business pages. And that should...