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Fewer U.S. banks failing as industry strengthens
WASHINGTON — U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers. As the economy heals from the worst financial crisis since the […]
Know your numbers
Understanding your numbers is the only way to keep the cash moving in the right direction.
Audit: Police failing on crime settlement
The American Civil Liberties Union of Maryland says an independent audit shows the Baltimore Police Department is not living up to its end of a 2010 settlement designed to stem improper arrests for “quality of life” crimes. The ACLU on Monday released the first audit since the lawsuit was settled in June 2010. The auditor […]
State closes two Maryland banks
Two Maryland banking institutions, HarVest Bank of Maryland in Gaithersburg, and Bank of the Eastern Shore in Cambridge, were closed Friday by the Maryland Commissioner of Financial Regulation, it was announced late Friday by the Federal Deposit Insurance Corp., which was appointed receiver for both banks. HarVest Bank’s deposits and assets were immediately acquired by […]
Owings Mills company explores the power of failure
Tom Loveland is a failure – and that’s a good thing. Though the founder and CEO of Owings Mills-based software development company Mind Over Machines was named “Baltimore’s Extraordinary Technology Advocate” in 2010 by the gb.tc, formerly the Greater Baltimore Technology Council, on Friday he earned a different title from the same group. “It took […]
Editorial: A failure of leadership
When the train wreck known as the 2012 session of the Maryland General Assembly came to an ignominious end at midnight Monday, there was plenty of blame to go around. Senate President Thomas V. Mike Miller Jr., D-Calvert and Prince George’s, badly overplayed his hand in his single-minded quest to plop a billion-dollar casino into […]
Behold these Ten Commandments (of Attitudes)
I recently had the pleasure of hearing a keynote speech from Robert Grey, a partner with Hunton & Williams LLP in Richmond, Va., and a board member of the Legal Services Corp., which administers grants to indigent legal service organizations throughout the country. He is also a former president of the American Bar Association, one […]
Rules lets FDIC recover pay from failed bank execs
WASHINGTON — Federal regulators will be able to take back two years of pay from executives held responsible for a large bank’s failure. Executives deemed “negligent” and “substantially responsible” for a big bank’s failure can lose all of their compensation from the previous two years under a rule approved Wednesday by the board of the […]
Amazon failure takes down sites across Internet
Scores of websites and Internet services like Foursquare and Reddit are down or have limited availability because of problems at a data center run by Amazon.com. The problems reveal widespread reliance on Amazon Web Services, which rents out computers and data storage on a self-service basis over the Internet. AWS is generally considered reliable because […]
