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E4 Carolinas, a not-for-profit corporation that coordinates the Charlotte region’s energy cluster, has named veteran entrepreneur David Doctor its president and chief executive.

U.S. banks' earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007.

Two California men have been sentenced in a criminal case involving the theft of personal financial information of some customers applying for home loans through Charlotte-based online mortgage marketplace LendingTree.

Wells Fargo has named a former Wachovia executive as lead regional president for the Carolinas, a position that oversees the lender’s consumer and small-business banking activities in both states.

Welcome to the ATM of the future, where customers insert cash and leave with nothing.

The official in charge of making sure Bank of America complies with terms of its record $16.65 billion settlement is a 35-year veteran of mediation, playing roles in major cases involving the likes of Microsoft, Visa and MasterCard, and even Bank of America itself.

Bank of America has reached a $16.65 billion settlement with the federal government over soured mortgage bonds, U.S. Attorney General Eric Holder announced Thursday. Here are Holder's prepared remarks from Thursday's announcement.

In its $16.65 billion settlement announced Thursday, Bank of America is making $9.65 billion in cash payments to various federal agencies and six states, plus providing $7 billion in consumer relief. Here is a breakdown of the payouts.

Bank of America’s $16.65 billion settlement with the government resolved legal claims from around the country, including two cases that got their start in the Charlotte bank’s backyard.

Bank of America’s record $16.65 billion settlement with the U.S. government over toxic mortgage bonds requires the Charlotte bank to help struggling homeowners by modifying mortgages, forgiving principal and making loans to lower-income borrowers.

More than 12 months after a deadline passed to file criminal charges, the US attorney’s office in Los Angeles is preparing a civil lawsuit against Countrywide co-founder Angelo Mozilo and as many as 10 other former Countrywide employees, according to two people with knowledge of the matter.

Bank of America’s nearly $17 billion settlement with the U.S. Department of Justice over soured mortgage bonds could be announced as early as Thursday, a source familiar with the talks told the Observer.

Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.

Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.

SunTrust Banks is increasing the amount of space it is leasing for its new regional headquarters in SouthPark, as the operation nears a scheduled fall opening.

  • More recent business news

Bank of America and Wells Fargo have improved their satisfaction scores among credit card custome...

Bank Watch

Five years after a global financial meltdown shook Charlotte, some insiders say banks still vulnerable to risk.


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