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A Connecticut man has been sentenced to 18 months in federal prison for his role in a mortgage fraud scheme that cost financial institutions millions of dollars.
February 5 -
MasterCard (MA) has promoted Tim Murphy to general counsel and chief franchise officer.
February 5 -
Strong loan and asset growth powered the Internet banking company BofI Holding (BOFI) to record profits in the quarter that ended Dec. 31.
February 5 -
Benjamin Lawsky, New York's top financial regulator, has asked more than a dozen banks including Goldman Sachs Group Inc. (GS) and Deutsche Bank AG (DB) for documents related to their currency trading practices
February 5 -
Corporate payment provider Wex is already laying the groundwork for 2015, when it plans to use the ExxonMobil fleet payments program to jump-start its efforts in the large network of European countries that comes with the new product.
February 5 -
Santander Bank, formerly Sovereign Bank, has launched a rewards-heavy credit card and made other creative retail moves in the U.S. as it tries to establish an identity beyond that of the foreign-owned bank with the tricky name.
February 5 -
BBVA Compass reported a 28% drop in profits in the fourth quarter from the same period in 2012, to $68.8 million, as revenue, interest income and noninterest income all declined.
February 5 -
A little-known dissident investor wants the company to sell. Another shareholder is comfortable giving management them more time to become profitable. A key issue involves the company's deferred-tax asset.
February 5 -
New regulations and tighter underwriting since the financial crisis have slowed down the mortgage process so much that closing a loan within 15 days is something lenders can brag about.
February 5
