federal deposit insurance corporation

The flowering branches of Mulan magnolia that grace the cover of Joan Lok's new book on Chinese brush painting appear more brightly colored than in her original work, probably to catch the eye of someone browsing in a book store, guesses the author.

Baltimore startup Bitsie is seeking to boost uptake of digital currency bitcoin, beyond local businesses like bar Bad Decisions.

The investor group buying 1st Mariner Bank in Baltimore said Monday that they've received necessary federal and state regulatory approvals and expect to close on the deal this month.

Losses on loans made to investors rehabilitating city homes helped drive a small savings bank founded by immigrants in East Baltimore more than 100 years ago to failure, said the CEO of the bank that acquired much of its portfolio.

Bay Bank agreed to assume the deposits and most of the assets of Slavie Federal Savings Bank, after federal regulators closed the savings bank with offices in Bel Air and Baltimore.

1st Mariner's founder launched the Baltimore bank as an alternative to big, faceless, out-of-state institutions at a time when banks based somewhere else had rapidly gobbled up 30 percent of the Maryland market. Now out-of-state banks control 80 percent of the pie. But that change hasn't dampened the enthusiasm 1st Mariner's new buyers feel for the institution.

Operations at NBRS Financial Bank have been fairly normal since the Federal Reserve Board of Governors issued an Prompt Corrective Action Directive to the community bank serving Harford and Cecil counties on April 7, NBRS President Hugh J. Garchinsky said Tuesday.

In a stunning reversal, the spurned bidder for 1st Mariner Bank got approval Tuesday to purchase it — preserving the city's largest independent bank as a Baltimore-based institution..

The Federal Deposit Insurance Corp. filed a $7.4 million lawsuit against four former executives at Bradford Bank, alleging negligence on the executives' part caused losses that contributed to the Towson bank's failure in 2009

Bitcoin believers were shaken to their digital souls when Mt. Gox, the world's largest exchange, defaulted on $470 billion worth of deposits and closed.

Bitcoin believers were shaken to their digital souls when Mt. Gox, the world's largest exchange, defaulted on $470 billion worth of deposits and closed.

1st Mariner Bank will be sold to a group of investors who will recapitalize it with about $100 million to meet regulatory standards, its parent company said Monday.

Leadership, more than any other factor, shapes how federal employees view their workplaces, says Max Stier, president and CEO of the Partnership for Public Service.

First Mariner Bancorp is facing a deadline after this year to pay millions in interest to investors or fall into default.

Maryland financial professionals look back on financial crisis and the repercussions still being felt

Things about Texas Gov. Rick Perry would rather not talk about

The latest installment of Hidden Maryland goes to the James N. Robey Public Safety Training Center, which offers an extensive array of suburban mockups in one cinder-block building.

In the Internet era, regulators need new tools to thwart unscrupulous payday lenders

Maryland business and financial leaders say who they want as the next Fed chair

Maryland's financial regulator is trying to stop illegal online payday loans by going after the banks that help make these loans possible.

The president's proposal to unwind Fannie May and Freddie Mac, similar to a bipartisan bill in the Senate, points the way toward meaningful reform in housing policy that doesn't eliminate the government's role in making homeownership possible for the middle class.

Patapsco Bancorp Inc. announced Monday that Phil Phillips has been named president and CEO of the Dundalk-based bank holding company.

Harbor Bank, a minority-owned commercial bank with nearly $251 million in assets, comes out from under heightened federal scrutiny.

T. Rowe Price said it was selling its bank to New York financier Jacob M. Safra for about $24 million in light of new banking regulations that would limit other aspects of the Baltimore-based money manager's business.

Talbot Bank of Easton, Maryland said Friday it has entered into a consent order with federal and state regulators.

Writer is wrong to blame recession on 30-year-old mortgage legislation

The Federal Reserve Board announced Thursday that it terminated an enforcement action last month against Baltimore-based Harbor Bankshares Corp.

Anne Arundel County Briefs

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.

Anne Arundel County Briefs

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.

In 1911, teenager John Morgan attempt to rob Citizens National Bank on Laurel's Main Street. Sadly, this was not Laurel's last bank robbery and just as sadly, not the last 19-year-old to go to prison from Prince George's County. Prince George's County Circuit Judge C. Philips Nichols Jr., of Laurel, bring the rest of the story with information from state archivist Dr. Edwin Papenfuse.

Travelers gripe about having to remove shoes while going through airport security. But imagine being the Transportation Security Administration screener who has to deal with thousands of grumpy passengers daily or must rummage through strangers' dirty underwear to look for items that could blow up a plane.

FDIC warns of fake emails

CFPB takes step to begin regulating prepaid debit cards

Congress should maintain limits of credit union business loans

State banking regulators closed Friday two banks in Maryland, the first two bank failure in the state since 2010.

Clarksville column for 0322