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Banking

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

Top Banking Articles

Displaying items 25-36
  • Glendale stands by its transfer of electric utility revenues

    City officials say they are on solid legal ground in continuing to transfer tens of millions of dollars in operating revenue from Glendale Water & Power -- no matter how residents vote in April on proposed amendments to the charter’s language...
  • Man gets 25 years for ID theft

    A member of an Armenian crime ring was sentenced Wednesday to serve 25 years in federal prison for orchestrating an identity theft and bank fraud scheme while in prison. U.S. District Court Judge David Carter sentenced Arman Sharopetrosian, 33, of...
  • Glendale man pleads guilty to scamming investors out of $8 million

    A Glendale man pleaded guilty on Thursday to running three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million. Kaveh Vahedi, 51, also acknowledged his involvement in a mortgage fraud scam where at least 250...
  • Bank of America to shed 281 jobs in Glendale

    Bank of America to shed 281 jobs in Glendale
    Roughly 280 Bank of America employees in Glendale will either be transferred or laid off in the wake of the company's decision to close its corporate offices on North Brand Boulevard by the end of the year. The 281 employees who work at 611 N. Brand...
  • Local man accused in gold scam

    A Glendale man accused of stealing about $141,000 from the bank account of a Sacramento man so he could buy 96 gold coins pleaded not guilty Friday to federal fraud charges. Karapet Damaryan, 63, and his co-defendant, Garik Voskanyan, 30, of Rancho...
  • Eight plead guilty to involvement with Armenian crime ring

    Eight plead guilty to involvement with Armenian crime ring
    Eight people, including four who live in Burbank, Glendale and Montrose, pleaded guilty Monday to various charges, including racketeering conspiracy, bank fraud and identity theft, centered around the activities of an Armenian organized crime ring,...
  • Alleged fraud ring involving local residents busted

    Six Glendale and Burbank residents were arrested Thursday in an alleged massive tax and bank fraud ring that resulted in the Internal Revenue Service paying more than $7 million in refunds for bogus claims — some of which were issued for deceased...
  • FBI raid nets 15 accused in $100M Medicare case

    Fifteen people in Glendale and Burbank were arrested early Wednesday in connection with a major healthcare fraud scheme — most of who were accused of being associated with a crime enterprise that submitted more than $100 million in bogus claims to...
  • Gatto's senior account bill passes Assembly

    A bill designed to protect senior citizens and others from having their bank accounts drained passed the state Assembly recently by a 69-0 vote. The legislation, introduced by Assemblyman Mike Gatto (D-Silver Lake), stipulates that funds in bank accounts...
  • Glendale man pleads guilty to defrauding lenders out of $5 million

    A former Glendale man faces up to 75 years in federal prison after pleading guilty to defrauding private lenders out of more than $5 million, officials announced Monday. Henrik Sardariani, 44, pleaded guilty last week in U.S. District Court to five...
  • Burbank Temporary Aid Center gets $5K donation

    Burbank Temporary Aid Center gets $5K donation
    Community Bank donated $5,000 to the Burbank Temporary Aid Center earlier this month. The nonprofit was only one of the seven organizations Community Bank donated to this holiday season, bank officials said. “We chose to support BTAC because...
  • Police arrest suspect in $14,000 bank scam

    Police arrest suspect in $14,000 bank scam
    Police arrested a 48-year-old Whittier woman Thursday who was suspected of stealing $14,000 from at least two dozen personal bank accounts. Natalie Diamond was taken into custody at a neighbor’s home in Whittier after detectives went to her home...