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I must take issue with letter writer Stanley Glinka's assertion that it was "the policy of forcing banks to give loans to people who could not afford them" that led to our current financial mess ("Stop blaming Bush," May 1). First of all, we need to...
The Federal Reserve Board announced Thursday that it terminated an enforcement action against Baltimore-based Harbor Bankshares Corp. The Federal Reserve Bank of Richmond issued the action in July 2010, reaching an agreement with the holding company...
Tags: Real Estate, Federal Reserve, Central Bank, Realty, Finance
Kite festival The Friends of Broadneck Park will host their second annual kite festival and community picnic from noon to 4 p.m. Sunday, April 21, on the A Field at Broadneck Park on College Parkway in Annapolis. The event includes kite-flying...
The Federal Deposit Insurance Corp. has lifted a cease and desist order that 1st Mariner Bank has operated under since April 2009, the bank announced Monday. The order required 1st Mariner to strengthen its fair lending practices because the FDIC...
Tags: First Mariner Bancorp, Mortgages
A former vice president of Hebron Savings Bank in Wicomico County was sentenced to 18 months in prison for embezzlement and ordered to pay $456,665 in restitution, federal prosecutors said Thursday. Wanda Henderson, 56, of Westover had used her...
Tags: Embezzlement, Wicomico County, Prosecution, Lawyers, Punishment
I read with great interest your article Jan. 31 about Laurel's first bank robbery by John Morgan. Sadly, this was not our last bank robbery and just as sadly, not the last 19-year-old to go to prison from our county. A quick review by the state archivist,...
Travelers gripe about having to remove shoes while going through airport security or undergoing full-body pat-downs. But imagine being the Transportation Security Administration screener who has to deal with thousands of grumpy passengers daily or must...
The Federal Deposit Insurance Corp., which insures bank deposits, warns that there are two fake emails claiming to be from the agency. One includes statements about the Bankruptcy Reform Act of 1978, and the Investor Protection Law of the Securities Act...
Prepaid debit cards have been called the Wild West because of their rapid growth, uncontrollable fees and little regulation. That soon may change — or at least the regulation part. The Consumer Financial Protection Bureau is taking its first ...
State banking regulators closed two Maryland banks Friday, the first two bank failures in the state since 2010. The Maryland Commissioner of Financial Regulation shut down the Bank of the Eastern Shore in Cambridge and appointed the Federal Deposit...
Robert G. Wilmers, M&T Bank Corp.'s chairman and chief executive officer, has been leading the Buffalo, N.Y., bank's shopping spree in Maryland. After gaining a foothold in the state with the purchase of Allfirst Financial Inc. in 2003 (the same year...
The op-ed by State Employees Credit Union CEO Rod Staatz ("Let credit unions do their job," April 25) compels me to respond on behalf of the Maryland banking industry. In his commentary, Mr. Staatz, who runs Maryland's largest credit union, argues that...
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