Johnson's Urban Trust Bank Makes D.C. Debut
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Urban Trust Bank opened its doors yesterday, its backers confident that a minority focus and a well-heeled founder will help it stand out in a competitor-clogged Washington banking market.
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When it opened a store in the financial district of Manhattan, Tiffany & Company returned to the neighborhood where it was founded in 1837.
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Lazard, the 156-year-old investment bank, aims to raise up to $850m (Â£440m) in an initial public offering, it revealed last night.
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Washington, DC&#39;s City Council on Tuesday approved a debt and tax-backed financing plan to build a new stadium for Major League Baseball, moving a step closer to bringing baseball back to the US capital.
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D.C. United runs its preseason record to 2-0 Tuesday by defeating the New York/New Jersey MetroStars in Bradenton, Fla.
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The country's third-largest bank flexes its muscles.
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if our cityâs status and the currency that backs it are more contested than they once were, that only makes the opening of the Museum of American Finance on Wall Street last month more urgently intriguing.
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NEW YORK, Jan. 20 -- J.P. Morgan Chase &#38; Co. filed a disclosure statement Thursday with the city of Chicago acknowledging that two of its predecessor banks received thousands of slaves as collateral prior to the Civil War.
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Company registers strong start for a lineup of investment bank quarterly earnings releases.
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Bank of America Corp.  on Monday introduced a credit card designed for many of its wealthiest clients, in a bid to retain and win new business as banks ratchet up their pursuit of affluent customers.
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SAN FRANCISCO, Nov. 20  Â The Charles Schwab Corporation, the discount broker, said on Monday that it was selling U.S. Trust, the wealth-management specialist, to the Bank of America Corporation for $3.3 billion in cash.
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TORONTO -- TD Bank announced its foray into US retail banking on Thursday, a day after rival CIBC signalled its focus will be on domestic operations, demonstrating how far apart Canadian banks are on their American strategies.
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Former Mayor Rudolph Giuliani announced Wednesday he is creating an investment banking firm to advise companies on financial transactions.
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City government finds new ways to raise cash
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New office blocks are popping up across the capital and the country's first shopping mall is packed. Nearby, cell phone and computer stores line city streets that just a few years ago were dusty lanes.
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Bank of America Corp.  said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp. , and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.
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Bank of America Corp.'s $3.3 billion acquisition of U.S. Trust Corp. is a significant addition to the firm's Boston-based Global Wealth &amp; Investment Management unit, but don't expect the deal to yield new jobs here anytime soon.