Highlights
A collection of news and information related to Banking published by Tribune Company sources.
Displaying items 1-12 of 965
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Survey: Rural economy still in slump
The rural economy continues to falter with a significant pullback in new hiring, according to the August survey of bank CEOs in 11 Midwestern and Plains states. The Rural Mainstreet Index, which ranges between 0 and 100, plunged to a record low of 38.9,...Tags: Frankfort, North Dakota, Wyoming, Joe Kennedy, Commodity Markets
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Judge seizes Harris' bank accounts
A federal judge is seizing the bank accounts of Gary businessman Jewell Harris Sr., who was convicted of mail fraud, wire fraud and money laundering. The 68-year-old Harris is scheduled to report to prison on Sept. 1 to begin serving a nearly six-year...Tags: Justice System, Fraud, Judges, Corporate Crime
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Many South Florida owners taking losses to sell homes
South Florida Sun-SentinelSouth Florida is seeing a big jump in the number of homeowners who are selling their properties for less than they paid, highlighting the magnitude of the region's historic housing slump. During the first half of this year, 23 percent of sellers in...Tags: Broward County, Mortgages, Condos, Parkland, Foreclosures
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Regency executives ordered to pay $1M each
A Polk County judge has ordered Regency Homes executives to pay more than $1 million each on bank loans from 2004. Judge Eliza Ovrum ordered Jamie Myers and his wife to pay West Bank $1.03 million and Rob Myers and his wife to pay $1.2 million. The... -
Mortgage application volume hits multiyear low
From the Associated PressMortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said today. The fall in application volume is the latest sign of a struggling housing market. On Tuesday, a Commerce Department...Tags: Mortgages
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Mortgage applications drop to 6-year low
The Associated PressMortgage application volume fell last week to its lowest levels in more than six years, the Mortgage Bankers Association said Wednesday. The fall in application volume is the latest sign of a struggling housing market. On Tuesday, a Commerce Department...Tags: Mortgages, Chicago Mortgages
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Wachovia's top executive in Orlando area retires
Sentinel Staff WriterVeteran banker Marshall Vermillion is stepping down as Wachovia Corp.'s top Central Florida executive as the Charlotte, N.C.-based banking giant reshapes its companywide management team amid the credit crisis. Vermillion, 61, is retiring Sept. 30 after...Tags: Assault, Winter Park, Wachovia Corp., National Government, Injuries
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Woman pleads guilty in bank fraud
Sentinel Staff WriterAn Orlando woman accused of organizing a theft ring that defrauded several Central Florida banks pleaded guilty to multiple charges of grand theft and forgery, Florida Attorney General Bill McCollum's office announced Monday. Lucie Mae Thomas, 42, pleaded...Tags: Court Preliminary, Prosecution, Orlando, Crimes, Trials
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Bank of America's Countrywide Acquisition Has Drawbacks
Associated PressCountrywide's acquisition by Bank of America Corp. was supposed to help keep the troubled mortgage lender from collapse. Things might not turn out exactly as planned. The people who did the deal hoped that a strong bank would rescue a weak one. But the...Tags: Mortgages, Financially Distressed Companies, Trials, North Carolina, Bonds
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Economy's busted; politics is broken - it's time for the nuclear option
Sentinel ColumnistFlorida has fallen and it can't get up. We had our big boom and now are so busted that even the next good real-estate bubble won't save us. It is time for the nuclear option: a state income tax. To explain why, I first take you back to 2006, when Gov....Tags: Jeb Bush, Laws, Health Treatments, Government Health Care, Private Health Care
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Top-paid executives
Sun reporterConstellation Energy Group dominated the list of the most highly paid local executives in 2007, a year in which the company's stock price rose nearly 50 percent. Leaders at the Baltimore Gas and Electric Co. parent accounted for four of the top 10 -...Tags: Corporations, Securities, National Government, Shareholders, Under Armour Inc.
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Economy trims restaurant stocks
There's a special on restaurant stocks, with many down 50 percent or more in price because of the weak economy. The restaurant industry certainly is never going away. But the question is whether it is too early to invest now, because many of these...Tags: Kentucky Fried Chicken, Brinker International Incorporated, Petroleum Industry, California Pizza Kitchen Incorporated, Olive Garden Italian Restaurant
Aug 21, 2008
|Story| Associated Press
Aug 21, 2008
|Story| Associated Press
Aug 21, 2008
|Story| South Florida Sun-Sentinel
Aug 19, 2008
|Story| Associated Press
Aug 20, 2008
|Story| Los Angeles Times
Aug 20, 2008
|Story| Associated Press
Aug 19, 2008
|Story| Orlando Sentinel
Aug 19, 2008
|Story| Orlando Sentinel
Aug 19, 2008
|Story| Associated Press
Aug 17, 2008
|Column| Orlando Sentinel
Aug 17, 2008
|Story| Baltimore Sun
Aug 17, 2008
|Story| Baltimore Sun
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