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Highlights

A collection of news and information related to Business Institutions published by this site and its partners.

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    Jun 17, 2013 |Story| Baltimore Sun
  1. Marylanders aren't shy about complaining

    Marylanders are big complainers.
    Marylanders are big complainers. At least when it comes to the financial services they receive. Maryland ranked No. 2 in the nation in mortgage complaints per capita, second only to New Hampshire, for grievances lodged with the Consumer Financial...

    Tags: Business, Banking, Money and Monetary Policy, Twitter, Inc., Consumers

  2. Jun 13, 2013 |Story| Los Angeles Times
  3. Chase, Citigroup among banks reportedly hacked in $15-million heist

    <em>This post has been updated with information from an amended criminal complaint filed Thursday afternoon.</em>
    This post has been updated with information from an amended criminal complaint filed Thursday afternoon. Hackers allegedly targeted 15 financial institutions, including JPMorgan Chase & Co., Citigroup Inc. and E-Trade, as part of a nearly two-year-...

    Tags: Citigroup Incorporated, Justice System, Financial and Business Services, Google+, JPMorgan Chase & Co.

  4. Jun 11, 2013 |Story| South Bend Tribune
  5. 1st Source Bank celebrates 150 years in business

    <span style="font-size: small;">SOUTH BEND -- The Morris Performing Arts Center in South Bend will be</span><span style="font-size: small;"> busy tonight, as 1st Source Bank welcomes more than 1,000 of its</span><span style="font-size: small;"> employees to the kickoff event of its year-long 150th anniversary</span><span style="font-size: small;"> celebration.</span>
    South Bend Tribune
    SOUTH BEND -- The Morris Performing Arts Center in South Bend will be busy tonight, as 1st Source Bank welcomes more than 1,000 of its employees to the kickoff event of its year-long 150th anniversary celebration. The bank, which was founded in 1863 as...

    Tags: 1st Source Corp.

  6. May 22, 2013 |Column| Chicago Tribune
  7. Rosenthal: Jamie Dimon survives a scare

    Back when Jamie Dimon still lived in Chicago, before he had ascended to the top of New York-based JPMorgan Chase, his Gold Coast home earned a reputation each Halloween as a must-visit destination, drawing trick-or-treaters from well beyond the...

    Tags: Jamie Dimon, AFSCME, Corporate Officers, Elections, Politics

  8. May 21, 2013 |Story| Daily Pilot
  9. Irvine financial institution donates up to $1M to charities

    Four area nonprofits will receive support through Irvine-based financial institution First Foundation's Supporting Our Communities initiative, the company announced in a news release.
    Four area nonprofits will receive support through Irvine-based financial institution First Foundation's Supporting Our Communities initiative, the company announced in a news release. The donations to the Orangewood Children's Foundation, Court...

    Tags: Financial and Business Services

  10. May 20, 2013 |Story| Baltimore Sun
  11. More poverty in Baltimore's suburbs than in Baltimore

    More people live in poverty in Baltimore's suburbs than in the city itself, part of a nationwide shift that is challenging the largely urban assistance network built up over decades.
    More people live in poverty in Baltimore's suburbs than in the city itself, part of a nationwide shift that is challenging the largely urban assistance network built up over decades. Suburban poverty in the Baltimore area grew 58 percent between 2000 and...

    Tags: Social Issues, Dundalk, Supplemental Nutrition Assistance Program, Politics, Personal Income

  12. May 20, 2013 |Story| Los Angeles Times
  13. More poor live in suburbs than urban areas, research shows

    Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis.
    Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis. As poverty mounted throughout the nation over the past decade, the number of poor people living in...

    Tags: Chicago Tribune, Social Issues, Blue Island, Brookings Institution, New York City

  14. May 8, 2013 |Story| Chicago Tribune
  15. Suspicions fire racial tensions

    Gina Blandin has a theory about what caused the flooding disaster that befell New Orleans after Hurricane Katrina struck last August, an idea that has little to do with engineering studies or physical evidence and everything to do with the poisonous...

    Tags: Social Issues, Disasters and Accidents, Science and Technology, Interior Policy, Liberty Bank

  16. May 15, 2013 |Story| Baltimore Sun
  17. Maryland economy will continue to feel government spending cuts

    Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve Bank of Richmond.
    Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve...

    Tags: Inflation and Deflation, Federal Reserve, Finance, Economy, Business and Finance

  18. May 14, 2013 |Story| Los Angeles Times
  19. Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals

    Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...

    Tags: Elisse Walter, U.S. Department of the Treasury, Federal Reserve, Trials, Prisons

  20. May 13, 2013 |Column| Orlando Sentinel
  21. Will Dodd-Frank save (or stifle) capitalism?

    WASHINGTON -- It's been five years since the onset of the financial crisis -- the rescue of Bear Stearns in March 2008 -- and we still don't know whether the financial system is safe. In a recent speech, Daniel Tarullo, the Federal Reserve's point man on regulation, contended that substantial, though incomplete, progress has been made. As an example, he cited the doubling of equity capital for the 18 largest bank holding companies from $393 billion in late 2008 to $792 billion at the end of 2012. Equity capital is shareholders' money; it acts as a buffer against losses. Interestingly, JPMorgan Chase's well-publicized $6 billion loss by the trader nicknamed the "London Whale" confirms the point. Despite the loss's size, it never threatened a panic or overall financial stability.
    WASHINGTON -- It's been five years since the onset of the financial crisis -- the rescue of Bear Stearns in March 2008 -- and we still don't know whether the financial system is safe. In a recent speech, Daniel Tarullo, the Federal Reserve's point man...

    Tags: Banking, Federal Reserve, Consumers, The Washington Post, Woodrow Wilson

  22. May 25, 2013 |Column| South Florida Sun-Sentinel
  23. Gov. Rick Scott mistakes innovative economic development plan for a budget turkey

    All Germaine Smith-Baugh wanted was to find another way to do her job. As she put it: "I literally woke up one morning thinking, 'How can we better serve small businesses?'" Small and minority-owned businesses, big-city communities and economic...

    Tags: Orlando, Business, U.S. Department of the Treasury, Fort Lauderdale, Jacksonville (Duval, Florida)

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