Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.
LodgeNet Interactive Corp ., a provider of television and Internet access for hotels, is marketing debt as bond sales slowed before a Federal Reserve statement that the pace of economic recovery was sluggish.
Stoneridge Inc. , the maker of electrical parts and systems for medium- and heavy-duty trucks, is marketing notes as relative yields on speculative-grade corporate debt signals a “nascent recovery” in the economy.
Patricia A. Millett, co-head of Akin Gump Strauss Hauer & Feld LLP’s Supreme Court and national appellate practices, was confirmed by the U.S. Senate to serve as a federal appeals court judge for the D.C. Circuit.
R-G Premier Bank of Puerto Rico in Hato Rey was closed today by the Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, which appointed the Federal Deposit Insurance Corp. as receiver.