Mr. Bove paid too high a price for the right to express his opinion and more importantly to find out that no one had his back
(CNN Money) — What you’re mad about: A few credit card issuers have started levying annual fees on less active users to encourage them to spend. Citibank, for example, slaps a $60 fee on certain cardholders unless they charge $2,400 within a year. (Spokesman Samuel Wang blames it on the “increasing costs of doing business.”) […]
(TAP) Financial industry veteran John Utendahl of Utendahl Capital Partners is joining Deutsche Bank as Vice Chairman, the company announced. This is a major role for Utendahl, who founded his company 18 years ago and which represents the “the first comprehensive suite of investment banking and investment services offered by a minority-operated business.” The Brooklyn […]
On April 3, 1889, — 24 years to the day after Richmond fell to Union troops — the first chartered black bank in the nation opened in the Jackson Ward residence of former slave William Washington Browne. The following year, Browne’s organization, Grand Fountain of the United Order of True Reformers, moved the bank out […]
(Dow Jones Newswire) Wachovia Bank NA, a unit of Wells Fargo & Co. (WFC), confirmed it will pay $160 million to settle a federal investigation into whether the bank's lax controls enabled Mexican exchange houses to launder drug money. The U.S. attorney’s office in Miami led the probe, begun about three years ago and focused […]
Lawyers liquidating the bankrupt Lehman Brothers Holdings Inc. proposed transforming the remnants of the investment bank’s staff into a for-profit asset- management business to begin operations by May 1. Read More…