Former realestate company owner must pay about $1.4 million to the bank he lied to in getting a loan to buy land in St. Michaels, a U.S. appeals court rules.

Tagged with: 4th U.S. Circuit Court of Appeals Bank of America Countrywide Bank Mandatory Victims Restitution Act

The Mount Airy Bank of America branch, which has seen deposits increase by 124 percent since opening a decade ago, is for sale. The single tenant retail property, at 1 E. Ridgeville Blvd., exceeded $91 million last June, and the ...

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When your ATM card doesn’t work, instead of calling your bank and laboring  through seemingly endless instrumental music while on hold, imagine posting a comment on its Facebook page and someone attending to your problem. As more and more banks ...

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Dunbar Armored Inc. will be laying off 100 employees next month, but the majority of the affected personnel won’t have to go far to find a new job. The layoffs will come at Dunbar’s White Marsh location at 4983 Mercantile ...

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The Federal Reserve has ordered Bank of America to revise its plans for increasing dividends or buying back stock, saying there are gaps in its risk planning. The Fed announced the decision Wednesday as part of its “stress tests” — ...

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The final months of 2014 were more difficult for big banks than investors suspected. Bank of America and Citigroup reported disappointing results Thursday, hit by lower trading revenues and more legal expenses. That followed JPMorgan’s weaker earnings announced the day ...

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The Bank of America Charitable Foundation has awarded $227,000 in grants to 17 nonprofits in the Baltimore region, the foundation announced Wednesday. These grants will support access to housing, financial education, jobs skills training and human services. The largest grants ...

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The Bank of America Charitable Foundation has named Episcopal Housing Corp. as a 2014 Neighborhood Builder for its work in the Baltimore area, awarding Episcopal Housing $200,000 in flexible funding and offering leadership training for executives. Episcopal Housing provides real ...

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Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s agreement to provide consumer relief via such things as mortgage forgiveness, community reinvestment and affordable rental housing.

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Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

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