WASHINGTON (AP) — Federal regulators say they’re still seeing a heavy dose of risk in large loans made by banks and other financial institutions, despite the recovering U.S. economy. The Federal Reserve and other agencies cite ongoing loose lending standards ...Read More »
NEW YORK (AP) — A former Goldman Sachs employee pleaded guilty Thursday to obtaining confidential information from a one-time co-worker at the Federal Reserve Bank of New York and distributing it to others at the investment bank. Rohit Bansal entered the plea in ...
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DETROIT (AP) — A published report says some Detroit suburbs are buying tax-foreclosed homes and selling them to developers who flip them for profits. The Detroit News reports that the practice has prompted criticism that local officials are driving Wayne County residents from ...Read More »
WINSTON-SALEM, N.C. (AP) — A historic building in downtown Winston-Salem is getting a new name. The Winston-Salem Journal reports Kimpton Hotel & Restaurants confirmed Thursday that it’ll operate a 174-room boutique hotel on the bottom six floors of the former R.J. Reynolds Tobacco ...Read More »
MATTHEWS, N.C. (AP) — A leading Republican proponent of overhauling North Carolina’s tax system and opening the state to fracking won’t seek re-election next year. Sen. Bob Rucho of suburban Charlotte made the announcement on Thursday. Rucho said in an interview ...Read More »
PUNTA GORDA, Fla. (AP) — Charlotte County was the No. 1 spot in the nation during the third quarter for flipping a house to someone from the baby boomer generation. The News-Press reports a flipped house — defined as a ...Read More »
LOS ANGELES (AP) — The University of Southern California has plans for a $270 million upgrade for the home field of the Trojans — the Los Angeles Memorial Coliseum — that could become a stage for the 2024 Olympic Games ...Read More »