Financial
Deal adds investing to bank’s repertoire
posted: 02/05/2012 3:02 a.m. Discuss
The sun was rising over San Francisco’s financial district in November 2009 when Richard Kovacevich picked up the phone in his 12th-floor office to call Omaha, Neb.
Arvest buys struggling Union Bank
posted: 01/31/2012 3:23 a.m. Discuss
Arvest Bank, which entered the Kansas City market in 2009, has agreed to buy Union Bank of Kansas City.
Baccarat becoming the big game
posted: 01/29/2012 2:40 a.m. Discuss
In the days before the Chinese New Year celebration began last week, six high rollers sat down at the private baccarat tables one day at the MGM Grand in Las Vegas and began throwing down wagers of $100,000 to $200,000 a hand.
Studying merger, US Airways confirms
posted: 01/29/2012 2:38 a.m. Discuss
US Airways Group Inc., the smallest full-service domestic carrier, confirmed last week that it’s evaluating a possible merger with American Airlines parent AMR Corp., which is in bankruptcy.
German economy feared to have stalled
posted: 01/11/2012 11:06 a.m. Discuss
Germany’s economy slipped into reverse in the last quarter of 2011 in spite of showing strong overall growth for the year of 3 percent, the country’s Federal Statistics Office said Wednesday.
State’s bankers toil to integrate acquired firms
posted: 01/01/2012 4:10 a.m. Discuss
A few days after Conway based Centennial Bank bought Wakula Bank of Crawfordsville, Fla., in 2010, a customer walked into the lobby and told employees he was having trouble getting his online banking to work.
Deposits with EU bank hit ’11 high
posted: 12/24/2011 3:46 a.m. Discuss
Banks from the 17 countries that use the euro stashed $453 billion overnight with the European Central Bank on Thursday, in another sign that Europe’s debt crisis is still putting pressure on the banking system.
We’re prepared, bank CEO says
posted: 12/24/2011 3:35 a.m. Discuss
Bank of America Corp. Chief Executive Officer Brian Moynihan told employees in a year-end letter Friday that he bolstered the firm against risk and will make more improvements in 2012.
Unfair lending claims settled
posted: 12/22/2011 3:25 a.m. Discuss
Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified black and Hispanic borrowers on home loans.
Payroll tax cut bill boosts cost of new mortgages
posted: 12/17/2011 2:27 p.m. Discuss
Who is paying for the two-month extension of the payroll tax cut working its way through Congress? The cost is being dropped in the laps of most people who buy homes or refinance beginning next year.
Job market brightens as unemployment claims sink
posted: 12/15/2011 12:09 p.m. Comment 1
The outlook for the job market is looking brighter.
Stocks edge up as markets calm down
posted: 12/13/2011 12:45 p.m. Discuss
Stock indexes rose Tuesday, a day after big declines, as two strong auctions of European debt reassured investors.
Proposed credit-card form aims to be less complex
posted: 12/11/2011 4:06 a.m. Discuss
The new federal Consumer Financial Protection Bureau last week announced its proposal for a simplified credit-card agreement form designed to make it easier for consumers to understand interest-rate terms and comparison shop.
Corzine: Don't know where firm's missing money is
posted: 12/08/2011 8:52 a.m. Comment 1
Jon Corzine plans to tell a House committee that he doesn’t know the location of clients’ money that went missing from failed investment firm MF Global.
Car sales jump 14% in November
posted: 12/02/2011 4:17 a.m. Discuss
People are finally replacing the cars and trucks they held on to during the economic slump, sparking a jump in U.S. auto sales in November.
