By Scott Baughman
Published: May 24,2011
Bank of America has tentatively agreed to a $410 million overdraft fee lawsuit settlement, according to court documents released Monday. The lawsuit was filed as a class action against some U.S. banks, but the Charlotte-based banking titan is the first to agree to the settlement. Florida District Court Judge James Lawrence King scheduled final approval for Nov. [...]
By Scott Baughman
Published: May 20,2011
Cell phones were once clunky bricks carried by only a privileged few. Today, millions use the seemingly ubiquitous devices for instant communication and more than ever for banking. But with the introduction of new technology, the way of banking is fundamentally changing. And that means job cuts and branches closing. Just this month, Bank of [...]
By Scott Baughman
Published: May 17,2011
Age: 62 Lives in: Mooresville Family: wife, Carol; children, Lauren, 25, Taylor, 22 Education: attended Eastern Michigan University but didn’t graduate Bill Sundberg has changed jobs a lot. One might say that’s a sign of the times, but for this Charlotte sign manufacturer the career shifts came earlier in his life. Sundberg, who attended college [...]
By The Associated Press
Published: April 18,2011
The liberal advocacy group MoveOn.org is making Bank of America a target in a campaign over what it calls unfair tax policies. Members of the group plan to rally outside the bank’s Charlotte headquarters today, the day federal income tax payments are due. It’s part of a national campaign aimed at other major corporations, including [...]
By Sam Boykin, staff writer
Published: April 14,2011
Searching for a place to build a technology-development center in 2009, Deutsche Bank AG considered various cities, including Charlotte, Raleigh and Maryland. Unfortunately for Charlotte, the Germany-based investment bank picked Cary, a town just outside Raleigh in Wake County. In August 2009, Deutsche Bank said the project would result in a $6.7 million investment and [...]
By The Associated Press
Published: March 31,2011
WASHINGTON — State attorneys general and federal officials held an all-day negotiating session Wednesday on the nation’s foreclosure crisis with five of the nation’s largest banks, seeking to resolve allegations of wrongdoing that law enforcement officials say have impacted millions of Americans facing foreclosure. Iowa Attorney General Tom Miller called the meeting at the Justice [...]
By Mecklenburg Times staff reports
Published: February 9,2011
Wells Fargo & Co. chief financial officer Howard Atkins is retiring and the bank’s chief administrative officer and senior executive vice president will fill the post. Timothy Sloan, 50, will replace Atkins immediately, Wells Fargo said. Atkins’ retirement is not related to the company’s financial condition or financial reporting, Wells Fargo said. Sloan will continue to report [...]
By Sam Boykin, staff writer
Published: January 28,2011
The recovery of Charlotte’s commercial real estate market might take longer than other major cities. That was the message of one speaker Wednesday during a real estate forecast forum in Charlotte. “Charlotte’s clouds may not clear as quickly as others markets,” Thomas Dennard, CEO of Grandbridge Real Estate Capital, said at the event, “Real Estate [...]
By Deon Roberts, editor
Published: October 8,2010
An investigation by the North Carolina attorney general into the foreclosure practices of 14 mortgage lenders does not stem from complaints from North Carolina consumers, according to a spokeswoman for the attorney general. On Wednesday, Attorney General Roy Cooper announced that he was launching an investigation into the lenders. In letters sent Tuesday, Cooper also [...]
By Tara Ramsey, staff writer
Published: October 8,2010
Across the nation, there has been a movement toward the development of electric smart grids. The grids allow utility customers to track and manage energy use on a near real-time basis, giving the customer an opportunity to decrease power use and save money. President Barrack Obama last year awarded $3.4 billion in stimulus money to [...]
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