NY Daily Record Since 1908

NEW YORK (AP) — At least three lawsuits have now been filed against Wells Fargo from customers who say they were hurt by the bank’s latest scandal, involving how it operated its auto lending business. In Washington, D.C., some politicians ...

Tagged with: Wells Fargo

NEW YORK (AP) — A U.S. appeals court cited the Fifth Amendment right to be free from self-incrimination as it reversed the convictions Wednesday of two British ex-bankers charged with conspiring to manipulate the primary benchmark for global short-term interest ...

Royal Bank of Scotland Group agreed to pay $5.5 billion to settle the second of three major U.S. mortgage-backed securities probes the government-owned lender must overcome before it can fully return to the private sector. The accord between the British ...

Tagged with: Banking

NEW YORK (AP) — Consumers could band together to sue their banks or credit card companies under a federal rule issued Monday that’s likely to face resistance from Congressional Republicans and the White House. The Consumer Financial Protection Bureau decided ...

A former Bank of America senior vice president and her husband were charged with embezzling more than $2.7 million by making charitable donations on behalf of the lender and then using intimidation and threats to get the money back for ...

Billionaire investor Warren E. Buffett rebuked Wells Fargo’s handling of widespread illegal sales practices that spanned at least 15 years and included targeting undocumented immigrants to open new bank accounts. Buffett said the San Francisco banking giant’s executives failed to ...

Consumer rights advocates, joined by New York’s attorney general, and the banking industry are going toe to toe over a federal proposal to block banks from using mandatory arbitration to resolve disputes with their customers. The 90-day comment period on ...

Tagged with: Arbitration Banks Consumer Financial Protection Bureau Eric Schneiderman

NEW YORK  — Bank Of New York Mellon more than tripled its fourth-quarter profit on rising in net interest revenue and lower expenses, easily beating most expectations. Global economic turmoil still weighed on performance. Assets under management, because of weakness ...

St. John Fisher College received a $5,000 grant from KeyBank to assist with undergraduate scholarship awards. The scholarship dollars were awarded to two Fisher students to help offset the cost of tuition. Eligibility for the scholarship requires students to be ...

Tagged with: scholarships St. John Fisher College

High school seniors in the Greater Rochester area have another chance at winning $2,000 to put toward their college expenses. ESL Federal Credit Union is now accepting applications for its annual scholarship program, with five scholarship awards totaling $10,000. Scholarship ...

Tagged with: ESL scholarships

CLEVELAND — KeyCorp will expand deeper into the Northeast with a $4.1 billion deal to buy First Niagara Financial Group and create the 13th largest commercial bank in the United States. Cleveland-based KeyCorp said Friday that it will pay a ...

Tagged with: merger

Rochester-based Continental Service Group Inc., a provider of accounts receivable management services, was recognized as the top performer by The U.S. Department of the Treasury – Bureau of the Fiscal Service for the quarter ending in September. In 2011, the ...