Banking
136 results total, viewing 101 - 110
Bank of America Corp. said former workers who alleged the firm awarded bonuses for sending homeowners into foreclosure misrepresented their roles and made “impossible” claims about the lender’s assistance program. more
William Galvin, secretary of the Commonwealth of Massachusetts, has sent subpoenas to seven big banks and investment firms for “targeting the elderly pitching high-risk investments,” reported the Boston Business Journal. more
Royal Bank of Scotland Group PLC’s credit rating was put on review for downgrade by Moody’s Investors Service, which cited the government’s decision to consider a break-up of the bailed-out British lender. more
Customers Bank is continuing to provide customers with free checking, a feature the bank believes helped it land on Bank Director magazine’s 2013 Growth Leaders Ranking. more
Customers Bancorp Inc., the holding company for Customers Bank, has formed a business collaboration with one of India’s leading diversified financial services companies and is applying for a banking license in India, the bank announced on Wednesday. more
Bank of America Corp. and Barclays Plc are among more than a dozen banks sued by the Regents of the University of California over claims they manipulated of the London Interbank Offered Rate. more
A bipartisan group of U.S. senators plans today to introduce a proposal to replace Fannie Mae and Freddie Mac with a new government reinsurer. more
Bank of America Corp. hired Anwar Zakkour from JPMorgan Chase & Co. as co-head of global telecommunications, media and technology investment banking, according to a memo obtained by Bloomberg. more
Bank of America Corp., the second- biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents. more
Americans are more confident in U.S. banks than they’ve been in five years as an improving economy helps lenders boost profit and repair their balance sheets, a new Gallup poll found. more
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