Tag Archives: banking industry

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Help for Overdrafts: Wells Fargo Will Stop ‘Stacking’ Checks

Latest efforts can save consumers from some fees

Wells Fargo will begin processing customers’ checks in the order they are received and stop…

By Sheiresa Ngo

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CAMAC Holdings Inc. was the second black-owned enterprise to gain membership into the BE 100s billion dollar club when it reached the No. 1 slot on our 2003 INDUSTRIAL/SERVICE 100. In fact, the Houston-based oil and gas exploration, consulting and engineering company was only a hair away from achieving the milestone when it made its debut on our industrial/service list in 2002 - - gross sales for 2001 were $979.5 million. Operated by Nigerian-born Kase Lawal, CAMAC (which stands for Cameroon-American) grew through its ability to integrate upstream services, the production of oil and gas, and downstream operations, which included trading and refining of its products. CAMAC, which reported its highest level of revenues-- $2.43 billion-- on the 2009 list, left the BE 100s in  2011 after shifts in operational structure, management and ownership.

BE 100s Billion-Dollar Club: Lessons from Top-Earning Black Business

Check out the eight companies who have surpassed $1 billion in revenues

Over the past four decades, only eight black-owned companies have surpassed $1 billion in revenues.…

By Derek T. Dingle

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Banking Malware Discovered on Google Play

Mobile banking app attacked

Malware clones a bank’s original app and then uploads it the Google Play store.

By Sheiresa Ngo

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Fraud Protection: Stop ATM Skimmers With One Simple Move

The newest generation of skimmers can blend in with ATMs, making it impossible to notice when your card is being scanned by thieves

The latest ATM skimmers steal your card information and PIN without you noticing, but you…

By Patrick Austin

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Most Consumers Don’t Understand Overdraft Penalty Plans

Pew report shows many don't remember even opting in

Recent report by Pew Charitable Trusts finds that more than 50% of consumers who incurred…

By Sheiresa Ngo

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King’s College Takes Bitcoin To School

A college degree, satellite TV, even pizza---all can be purchased with virtual currency

King’s College is the first accredited institution to accept bitcoin for tuition payment.

By Patrick Austin

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Isaac Torres (Image: Carver Bancorp.)

Carver Bancorp Inc. Names New Vice President

Isaac Torres brings extensive financial services and law experience

Carver Bancorp Inc., holding company for Carver Federal Savings Bank, a B.E. 100s Bank, has…

By Janell Hazelwood

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Report: Black and Hispanic Entrepreneurs Discriminated Against for Small Business Loans

Study follows experiences of businessmen seeking loans from same bank

Study that found discrimination followed experiences of white, black, Hispanic businessmen seeking loans from the…

By Richard Spiropoulos

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Employees at Drexel Hamilton. Photo by Jennifer S. Altman.

Investment Banking Firm Trains, Hires Returning Soldiers

Investment banking firm helps returning soldiers land jobs

It’s been well documented that veterans returning home after serving the country often struggle to…

By Alan Hughes

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Ash Cash Uses Financial Literacy to Empower Communities

Making people's money work for them

Ash Cash is advising people towards making better use of their finances

By Cedric 'BIG CED' Thornton

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Cool Jobs: Goldman Sachs Exec Making Major Boss Moves on Wall Street

Executive brings global experience to latest U.S. post

Valentino Carlotti is a key player in Goldman Sachs’ sales and trading division, which this…

By Gil Robertson

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Intern Chronicles: Graduate Finds Career Clarity and True Purpose

Former financial services intern decided to take another route

Howard University graduate Moriah Thomas, candidly talks about her journey to realize her true career…

By Dominique Hobdy

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Cardinal Financial 4th-qtr Earnings Nearly Double

TYSON CORNER, Va. (AP) — Cardinal Financial Corp., a financial holding company, said Wednesday that…

By Associated Press

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Obama On Banks: A Bit Pragmatic Amid The Populism

WASHINGTON (AP) — President Barack Obama is pressing an overhaul of Wall Street regulations with…

By Associated Press

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Bank Of China To Sell Up To $5.8 Billion In Bonds

BEIJING (AP) — Bank of China plans to sell up to 40 billion yuan ($5.8…

By Associated Press

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Report: Barclays To Defer Bonuses

LONDON (AP) — Barclays is planning to defer bonuses for its highest-paid executives in hopes…

By Associated Press

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Obama Scrambles To Revive Economic Optimism

WASHINGTON (AP) — President Barack Obama is seeking to reassure voters he’s determined to create…

By Associated Press

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Morgan CEO Could Get $8.1M Stock Bonus For 2009

NEW YORK (AP) — Morgan Stanley CEO James Gorman could receive a stock bonus currently…

By Associated Press

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Regulators Shut Florida Bank

WASHINGTON (AP) — Regulators have shut down a Florida bank, bringing to five the number…

By Associated Press

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Regulators Shut Banks In Fla, Mo

WASHINGTON (AP) — Regulators shut down banks in Florida and Missouri on Friday, bringing to…

By Associated Press

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Regulators Shut Banks In Fla., Mo., NM

WASHINGTON (AP) — Regulators shut down banks in Florida, Missouri and New Mexico on Friday,…

By Associated Press

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Banks Shut In Fla., Mo., NM, Ore., Wash.

sWASHINGTON (AP) — Regulators have shut down banks in Florida, Missouri, New Mexico, Oregon and…

By Associated Press

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New Bank Rules Unlikely To Hurt Big Institutions

NEW YORK (AP) — President Barack Obama’s latest broadside against big banks may have more…

By Associated Press

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Russia’s Economy Back On Its Feet

MOSCOW (AP) — Russia’s oil-dependent economy is getting back on track after its biggest downturn…

By Associated Press

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White House Still Believes Bernanke Gets 2nd Term

ABOARD AIR FORCE ONE (AP) — President Barack Obama believes Federal Reserve Chairman Ben Bernanke…

By Associated Press

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Stock Futures Falling; Market Set To Resume Slide

NEW YORK (AP) — Stocks are set to extend their slide Friday, following the worst…

By Associated Press

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World Stocks Tumble As Obama Targets Banks

LONDON (AP) — World markets fell Friday, led by bank stocks after President Barack Obama…

By Associated Press

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Fed Emergency Loans To Banks Drop Sharply

WASHINGTON (AP) — Banks borrowed less from the Federal Reserve’s emergency lending program over the…

By Associated Press

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As Wall Street Defers Bonuses, Others Suffer

NEW YORK (AP) — Big bonuses are back on Wall Street, but that doesn’t mean…

By Associated Press

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TD Bank To Expand Into Rhode Island

CHERRY HILL, N.J. (AP) — TD Bank said Thursday it plans to open its first…

By Associated Press

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Lawmakers Ask For Review Of AIG Bailout

WASHINGTON (AP) — Two House lawmakers asked Congress’ investigative arm on Thursday to review the…

By Associated Press

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Goldman Earns Record $4.79B In Q4, Cuts Bonus Pool

NEW YORK (AP) — Goldman Sachs Group Inc. responded to intense criticism of big Wall…

By Associated Press

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Obama Bank Plan Uncertainty Weighs On Markets

LONDON (AP) — European and U.S. stock markets fell sharply for the second day running…

By Associated Press

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Oil Tumbles As Stock Market Stumbles

NEW YORK (AP) — Oil prices dropped Thursday to the lowest level in a month…

By Associated Press

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Obama Hits Wall Street, Pushes For Bank Limits

WASHINGTON (AP) — Embracing Depression-era policy and populist politics, a combative President Barack Obama chastised…

By Associated Press

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Investment Banking Pushes Jefferies To 4Q Profit

NEW YORK (AP) — Jefferies Group Inc. on Wednesday posted a fourth-quarter profit that easily…

By Associated Press

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