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1st Mariner sale gets approval; merger to close this month
The sale of 1st Mariner Bank to a local group of investors has gained the regulatory approvals needed to move forward, the bank and its acquirer announced Monday.
Banks earn record $42.2B in 2nd quarter
WASHINGTON — U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans. The Federal Deposit Insurance […]
Proposal gives banks more leeway on mortgage bonds
WASHINGTON — Banks may be allowed to hold a smaller stake in the mortgage investments they sell if those loans are made to homebuyers with stronger finances. The Federal Deposit […]
Regulators propose stricter rule for 8 big banks
WASHINGTON — Federal regulators took a step Tuesday toward making eight of the largest U.S. banks meet a stricter measure of health to reduce the threat they pose to the […]
FDIC lifts 1st Mariner regulatory order
1st Mariner Bank, a subsidiary of 1st Mariner Bancorp, announced that the Federal Deposit Insurance Corp. has lifted a cease and desist order that it imposed on the Baltimore-based bank in April 2009.
U.S. 4Q bank earnings up 37 pct as lending rises
WASHINGTON — Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks continued to step […]
U.S. bank earnings up 6.6 pct., most in 6 years
WASHINGTON — U.S. banks are enjoying their best profits in six years and are lending a bit more freely. The gradual improvement suggests that the industry will sustain its healing […]
Feds order Discover to refund $200M to cardholders
WASHINGTON — Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit […]
U.S. bank earnings rose this winter to 5-year high
WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for […]
FDIC head outlines strategy for seizing banks
WASHINGTON — Regulators plan to employ a strategy for handling big failing banks that would help stabilize the financial system by preserving the banks’ healthy operations, the head of the […]
FDIC: Bank earnings hit five-year high in 2011
WASHINGTON — U.S. banks are coming off their most profitable year since 2006, a sign that many have put the financial crisis behind them. The surge in bank earnings came […]
Judge approves WaMu bankruptcy plan
WILMINGTON, Del. — After a long and contentious legal battle and more than three years in bankruptcy, Washington Mutual Inc. on Friday finally won court approval of a reorganization plan. […]
