As many small businesses struggled to stay afloat or had to suspend operations due to the COVID-19 pandemic, business owners looked to banks for financial assistance and guidance. Banks themselves were facing many of the challenges businesses faced, with a ...

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When the COVID-19 pandemic led to business shutdowns, many companies turned toward the Paycheck Protection Program. Over two rounds of payments, the federal government’s small business loan program aimed to help companies with keeping employees on the payroll as well ...

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Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

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Baltimore joined plaintiffs from around the country this week by filing a federal lawsuit in New York alleging a price-fixing conspiracy by banks that purchase and sell debt issued by Fannie Mae and Freddie Mac. The city’s potential class-action suit is ...

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Baltimore filed a potential class action lawsuit in New York Monday against a group of banks the city says conspired to fix interest rates of variable rate demand obligations, or VRDOs. The complaint, filed in U.S. District Court for the ...

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Small and community banks can use technology to their advantage as they compete with each other and larger banks.

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The parent company of Howard Bank has received all of the required regulatory approvals needed to finalize its acquisition of 1st Mariner Bank.

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The results of the 2016 presidential election ushered in a period of uncertainty as to what a Donald Trump administration will mean for the country. For the financial services sector, however, Trump’s election opened a door to potential regulatory relief. ...

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From the changing role of bank branches to tighter profit margins, banks face numerous challenges in today’s market. Laura Gamble, Maryland regional president of PNC Financial Services Group Inc., talked to The Daily Record about how the bank, one of ...

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An independent review of Wells Fargo credit card and deposit accounts has determined that more than 15,000 accounts in Maryland may have been unauthorized, a practice found among Wells Fargo accounts across the country and one that has put the third-largest ...

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