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.
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.
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.
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
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.
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.
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.