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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
  • Litigation costs hit Bank of America's quarterly profit

    Litigation costs hit Bank of America's quarterly profit
    (Reuters) - Bank of America Corp said second-quarter profit fell 43 percent, a bigger decline than analysts had expected, after the bank posted $4 billion of litigation expenses linked to mortgage disputes following the financial crisis. The expenses...
  • 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...
  • 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...
  • Barclays launches Women in Leadership Index and ETNs

    (Reuters) - Investors who want to put money behind the idea that female leadership helps companies excel will have a new way to invest on Thursday when Barclays Bank PLC launches the Barclays Women in Leadership Total Return Index and exchange-traded...
  • 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...
  • Holder won't meet with Bank of America on home-loan settlement

    CHARLOTTE, N.C. U.S. Attorney General Eric Holder has refused to meet with Bank of America chief executive Brian Moynihan as the two sides continue to dispute terms of a potential multibillion-dollar settlement involving troubled home loans, a person...
  • Uncertain future for Allentown's Americus Center

    The future of the historic Americus Center remains very much in doubt after its owner Wednesday abruptly stopped an arena authority hearing on an extension to start work on his $13.2 million project. Moments before the Allentown Neighborhood...
  • Texas microlender steps up for entrepreneurs

    DALLAS Kimberly May credits microlender Accion Texas with rescuing her roofing business in 2007. Three days after Bank of America approved a $40,000 line of credit, the bank rescinded it. But by then, May had ordered materials for upcoming projects and...
  • 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...
  • L.A. pushes back in fight over DWP nonprofits

    L.A. pushes back in fight over DWP nonprofits
    As an annual deadline looms for Los Angeles to pay nearly $4 million to a controversial pair of Department of Water and Power affiliates, one city leader announced his refusal to sign the checks and another sued to have a court-appointed receiver take...