A nationwide settlement between SunTrust Mortgage and a state and federal partnership amounts to over $500 million. Nearly 40 percent of the settlement will go to Floridians who financed their homes with SunTrust.
According to Whitney Ray of the Attorney General's Office, 8,400 Floridians have been targeted for direct cash payments. They are borrowers who lost their homes to foreclosure between 2008 and 2013.
A bank probably is not among the places you'd think of to see contemporary art. The traditional brick-and-mortar corner bank is more of a generic space with the usual teller windows, cubicles and offices. But St. Petersburg-based C1 Bank has turned the established bank space inside out for its first branch in South Florida.
It's the first financial institution to open the Wynwood Arts District of Miami -- the neighborhood better known for its street art than safety-deposit boxes.
JPMorgan Chase has agreed to acknowledge that it violated federal securities laws and will pay $920 million in penalties assessed by regulators in the U.S. and U.K. to settle charges related to the huge trading losses racked up by its London traders last year, the Securities and Exchange Commission announced Thursday morning.
It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.
08/05/13 - Monday’s Topical Currents is with Brown University Professor Mark Blyth. He contends that conservatives in both Europe and the US have succeeded in casting government spending as reckless wastefulness that has worsened economies. He says the problem has been a result of bailing out, recapitalizing and adding liquidity to broken banking systems with