Maryland Daily Record Maryland's trusted source for business and legal news
President Joe Biden highlighted his administration's push to crack down on so-called junk fees that banks and other companies charge their customers.
Read More »With Americans feeling pinched, Biden targets ‘junk fees’
FNB to expand in Baltimore with new branch location
F.N.B. Corporation announced plans to open a new First National Bank retail location in Baltimore.
Tagged with: Banks
Read More »If your bank merges, should you shop around or stay put?
Bank mergers and acquisitions happen regularly and can lead to streamlined services and better offerings for consumers, but they can also sometimes create challenges.
Tagged with: Banks mergers and acquisitions
Read More »Fed study on digital currency leans toward role for banks
The Federal Reserve released a report that suggested it is leaning toward having banks and other financial firms manage digital accounts for customers.
Tagged with: Banks federal reserve
Read More »Justice Department to expand redlining investigation efforts
The Justice Department announced a cross-government effort to investigate and prosecute redlining, the discriminatory banking practice.
Tagged with: Banks Justice Department redlining
Read More »Bank profits soar, helped by merger frenzy, fewer bad loans
Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.
Read More »Howard Bank to release Q3 financial report Oct. 20
Howard Bancorp Inc. will issue its third quarter of 2021 financial results after the markets close on Oct. 20.
Tagged with: Banks
Read More »PNC becomes latest large bank to raise base wages to $18 an hour
PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour.
Tagged with: Banks minimum wage
Read More »M&T Bank commits $1M for small business loans in PG County
M&T Bank has committed $1 million to provide loans to small businesses in Prince George’s County that would not typically qualify for loans.
Tagged with: Banks loans Small business
Read More »Md. banks say they’re broadening investments in minority businesses
After the murder of George Floyd by a Minneapolis police officer in May 2020, many residents, organizations and businesses began taking a closer, deeper look at racial and economic injustice. Though many have been making contributions for a number of ...
Tagged with: Banks equity minority businesses
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