UK's RBS to Pay NY State $500M for Mortgage Misconduct. The Royal Bank of Scotland has agreed to pay … Under the agreement, RBS admits that it sold investors residential mortgage-backed securities that failed to comply with underwriting guidelines. Schneiderman says the bank's actions harmed
See Original Article
Statesville will be headquarters to a new community bank under a plan unveiled this week. The group organizing Spirit Community Bank said applications have been filed with the North Carolina Commissioner of Banks. Approvals from that regulator and the Federal Deposit Insurance Corporation are
See Original Article
Lawmakers are intent on easing those rules for midsize and large regional banks, asserting that would boost lending and the economy. Warren, the Massachusetts Democrat who worked with the Obama administration on banking industry oversight after the 2008 crash, pledged to fight the bill, even if
See Original Article
Let BECU know of your travel plans just by logging in to Online Banking.
See Original Article
It's been 10 years since the global financial crisis severely damaged the nation's economy, and the Senate is on the brink of passing legislation that would roll back safeguards Congress enacted to prevent a relapse. Republicans overwhelmingly support rolling back key aspects of Dodd-Frank, the law
See Original Article
Teachers Advisors LLC increased its stake in shares of Enova International by 12.8% in the second quarter. Teachers Advisors LLC now owns 59,185 shares of the credit services provider's stock valued at $879,000 after buying an additional 6,735 shares during the period. New York State Common
See Original Article
That's the Dow Jones Industrial Average, a regular feature in the U.S. president's commentary over the past year as the equity bull market raged on. Take early January, when the index sailed past 25,000 for the first time: âThis is all about the Make America Great Again agenda! Jobs, Jobs, Jobs.
See Original Article
The penalties relate to the sale of retail mortgage-backed securities (RMBS) ahead of the 2008 financial crisis. Mr Schneiderman said RBS admitted to having sold investors RMBS that did not meet underwriting guidelines, contrary to its representations, and did not comply with applicable laws and
See Original Article
Mike Crapo (R-ID), would amend the Truth-in-Lending Act (TILA) to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. It would also amend the Bank Holding Company Act of 1956 to exempt banks with assets valued at less
See Original Article
Doctors and patients have long assumed that opioids are uniquely powerful medicines for chronic pain, despite their risks. But it turns out that this reputation may be a myth. A government-funded study published Tuesday is among the first long-term studies to compare opioids like oxycodone and
See Original Article
Royal Bank of Scotland Group has reached a $500 million settlement with New York state to resolve claims over its sale of risky residential mortgage-backed securities that contributed to the 2008 financial crisis. The accord includes a $100 million cash payment to the state and $400 million of consumer
See Original Article
The decision by the country's largest bank, SBI, and other lenders such as ICICI Bank, Axis Bank and PNB to hike their lending rate across tenors by 10-25 basis points with effect from March, has come in for widespread criticism. Critics see this as yet another attempt by these banks to extract an
See Original Article
Stop by Bank of Blue Valley to speak with one of our Banking Specialists about options for savings accounts. We recommend setting up an automatic withdrawal to come from your account each month, or asking your employer to put a portion of your paycheck into a different account. For a majority of
See Original Article
A private jet owned by the Guptas, an Indian-born South African family, that was purchased with money lent to them by the Canadian government is missing, as further arrest warrants are being issued for members of the family who loom large in the corruption scandal that took down former South African
See Original Article
AGF Investments America Inc. grew its holdings in Honeywell International by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 47,702 shares of the conglomerate's stock valued at $6,358,000 after buying an additional 1,668 shares during the period. BlackRock Inc. grew its holdings in
See Original Article
International Paper Tries to Buy Smurfit — Here's How to Trade It. International … For International Paper's part, its stock is down about 1.6% to $58. For the … Despite the brewing M&A between Smurfit and International Paper, Cramer instead took a closer look at WestRock Company (WRK – Get Report) .
See Original Article
ALBANY, N.Y. (AP) – The Royal Bank of Scotland has agreed to pay $500 million to New York for using deceptive practices while marketing and selling mortgage-backed securities before the 2008 financial crisis. New York Attorney General Eric Schneiderman announced Tuesday that the settlement
See Original Article
Dynex Capital, Inc., a mortgage real estate investment trust, invests in mortgage-backed securities on a leveraged basis in the United States. The company has market cap of $348.39 million. It invests in agency and non-agency MBS consisting of residential MBS, commercial MBS (CMBS), and CMBS
See Original Article
New loan limit increases may help you reach your goal of buying a home.
See Original Article
A large number of banks, credit unions and other financial institutions just pushed customers onto new e-banking platforms that asked them to reset their account passwords by entering a username plus some other static identifier â such as the first six digits of their Social Security number (SSN), or a
See Original Article