| Jul 31, 2013
| 3:40 PM
President Barack Obama has appointed Sarah Bloom Raskin, a former top Maryland financial regulator, as deputy secretary of the U.S. Treasury Department, the White House announced late Wednesday.
Raskin, 52, has served as a governor of the Federal...
| Aug 5, 2013
| 4:56 PM
Patapsco Bancorp Inc. announced Monday that Phil Phillips has been named president and CEO of the Dundalk-based bank holding company.
Phillips, who had been executive vice president, replaces Michael J. Dee, who resigned from the positions he had held...
| Aug 7, 2013
| 9:56 AM
We already know that federal regulators have undermined accountability for abuses by mortgage servicing companies. In another disturbing development, the Federal Reserve and the Office of the Comptroller of the Currency (OCC) are refusing to turn over...
| Aug 3, 2013
| 12:46 PM
To win the two-bedroom Canton condo Jillian Rimmer wanted, she offered to pay $75 more a month than the asking rent of $1,600.
It worked: The landlord chose her bid, and she and a roommate live there now.
"I was willing to pay that for the great...
| Aug 16, 2013
| 1:10 PM
Victor "Vic" Turyn, a retired Federal Bureau of Investigation and Federal Reserve Bank of Richmond official who had been an outstanding quarterback at College Park in the late 1940s, died Aug. 11 of heart failure at his Ellicott City home. He was 91....
| Aug 25, 2013
Federal Reserve Chairman Ben Bernanke plans to step down when his term expires at the end of January — if not sooner — and President Barack Obama is expected to nominate a successor this fall.
Right now, the front-runners appear to be former...
| Sep 22, 2013
The excited voices on CNBC radio riveted financial adviser John Bacci's attention as he drove to Chestertown five years ago for a routine client visit.
The stock market was in freefall that Sept. 29 after Congress rejected a $700 billion rescue of the...
| Jul 1, 2013
| 8:55 AM
On a sun-splashed afternoon that marked the second day of summer, I joined a diverse throng of men, women and children, all waiting to board the Staten Island Ferry — a hulking orange vessel that provides free commuter service between Manhattan...
| Jun 11, 2013
| 10:03 AM
The Senate this week begins debate on the proposed immigration reform bill. If this bill becomes law, there is one likely outcome for low-skilled Maryland workers: disaster.
The assurances of the bill's proponents that the bill will somehow help the...
| May 28, 2013
| 10:22 AM
The latest indicator that the U.S. economy is on the upswing can probably be found on the street where you live: It's the "sold" sign planted in the neighbor's yard.
Perhaps you hadn't noticed, but the real estate industry is not the moribund mess you...
| May 28, 2013
| 11:10 AM
As the five-year anniversary of the Lehman Bros. bankruptcy and the collapse of the mortgage market approaches, Americans are still struggling to cope with the consequences of the Great Recession. More than 4 million households have lost their homes to...
| May 15, 2013
| 4:49 PM
Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve...