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Banking

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Top Banking Articles see all

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  • Moelis jumps in debut after investment bank's scaled-down IPO

    Moelis & Co. gained in its trading debut after raising less than it planned in the first U.S. initial public offering of an investment bank since the financial crisis.
  • Fannie and Freddie's steep fees hurting home buyers, critics say

    WASHINGTON — When you're raking in tens of billions of dollars in profits by helping credit-elite borrowers buy homes, couldn't you lighten up on fees a little for everyday folks who'd also like to buy? That's a question increasingly being posed...

    Bank of America to pay $772 million for illegal credit card practices

    Bank of America to pay $772 million for illegal credit card practices
    WASHINGTON -- Bank of America Corp. has agreed to refund customers $727 million and pay $45 million in fines for illegal credit card practices, according to a settlement with federal regulators announced Wednesday. The refunds will go to as many as 2....

    Pope Francis opts to keep scandal-plagued Vatican bank alive

    Pope Francis opts to keep scandal-plagued Vatican bank alive
    ROME -- Pope Francis has given his backing to the Vatican’s scandal-ridden bank, Vatican officials said Monday, quashing months of speculation that he might close it down as part of wide-ranging reforms at the Holy See. In a statement, the Vatican...

    Gwyneth Paltrow, Chris Martin buy $14-million home, then 'uncouple'

    Gwyneth Paltrow, Chris Martin buy $14-million home, then 'uncouple'
    Well, this is awkward. Actress Gwyneth Paltrow and her musician husband, Chris Martin of Coldplay, bought a house in Malibu for $14 million, then they turned around and announced their "conscious uncoupling." Uncoupling papers will no doubt eventually...