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Maryland will share in a $75 million settlement that state attorneys general across the country negotiated with JPMorgan Chase & Co. to resolve allegations of bond derivative bid-rigging that defrauded states, counties and nonprofits, the state said...
Tags: Lawyers, Finance, Johns Hopkins Hospital, Bonds, Justice System
Facing a consumer backlash and an online revolt, Bank of America said Tuesday that it won't adopt a $5 monthly debit card fee next year after all. The move — which came after some banks had backed away from similar fees — is seen as a major...
Apparently, consumers have a breaking point — a $5 monthly debit-card fee. Since news broke late last month that Bank of America planned to introduce such a fee next year, the uproar hasn't abated. Legislation was introduced in Congress to make it...
The number of Maryland homeowners behind on their mortgage payments but not yet in foreclosure inched downward in 2011, numbers released Thursday showed. It was the second consecutive year of improvement, but it wasn't enough to bring the state back to...
The Community Foundation of Harford County has elected Kathleen A. Beck and Kenneth M. Ferrara to its board of directors. Each will serve a three-year term. Beck serves as vice president for wealth management for PNC Bank in Baltimore, a position she has...
Maryland Attorney General Douglas F. Gansler is right to sign on to the multi-state settlement with the nation's five largest banks over some aspects of the faulty procedures they used to foreclose on homes during the mortgage crisis. The state stands...
GMAC Mortgage said Tuesday it is dropping about 250 Maryland foreclosure cases that were apparently "robo-signed," giving homeowners a second chance to save their properties — and raising the possibility that other lenders might follow suit. The...
Lawyers at two Maryland firms handling foreclosures filed court documents without actually signing the papers themselves, a development that is calling into question the validity of at least some of the home foreclosure cases in the state. The two...
Maryland and most other states outlaw "pay for performance" for political lobbyists for a very good reason. Experience has shown, going back to an 1853 case involving a Baltimore & Ohio Railroad lobbyist and the Virginia Legislature, that rewarding...
A French bank has begun foreclosure proceedings on 1st Mariner Tower at Canton Crossing as the recession and housing slump spread deeper from Baltimore banker and developer Edwin F. Hale Sr.'s banking business to his commercial real estate activities....
From Wire ReportsNEW YORK - In the first significant shareholder settlement since Enron Corp. collapsed more than three years ago, Citigroup Inc. has agreed to pay $2 billion to investors who accused the bank of aiding Enron in its huge accounting scandal by selling the...
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