Cohen & Company Financial Management of Philadelphia has been sued for $427 million by Cascade Bancorp in Oregon. The Philadelphia investment firm is being accused of placing the Oregon bank at risk of falling short of meeting regulator orders to increase capital.

The convenience of electronic banking has proven to be problematic for those who have been subjected to unfair and morally unacceptable calculation and collection of excessive overdraft fees. Pittsburg-based PNC Bank has significantly profited from a system designed to maximize overdraft fee revenue instead of providing customers with a debit transaction refusal or a warning [...]

When two companies share several common interests within their market, the potential of success in reaching a larger clientele often presents itself in the opportunity of combining both businesses. The sale of a Pittsburgh business should not always be associated with debt or inefficient management. Businesses in Pittsburgh thrive on growth and providing quality products [...]

While the economic consequences of the Gulf Coast oil spill disaster are just about as uncertain as the extent of environmental repercussions, oil leader BP PLC’s reputation may experience an even greater blow than the company’s wallet.

Anyone who has ever needed to file bankruptcy to overcome debt is familiar with the intensive commitment required in order for the process to be successful. Imagine what a city must handle when filing for municipality bankruptcy. According to The Wall Street Journal, Harrisburg, Pennsylvania may file for municipal bankruptcy (Chapter 9) to help the [...]

Businesses throughout the United States have needed a boost for quite some time, and according to a National Association for Business Economics industry survey, they may get just that. A recent Insurance Journal article discusses the results of the assessment, reporting that the insurance industry and other U.S. companies expect to add to their work [...]

As one of the most widely recognized global investment banking and securities firm, Goldman Sachs is facing accusations of fraud by the Securities and Exchange Commission (SEC). The LA Times reports that the civil charges filed against Goldman Sachs have to do with an intricate mortgage-backed security the company created. The establishment of these collateralized [...]

In an interesting turn in one of this year’s highest profile business law cases, federal prosecutors have asked the court to stop Starwood’s corporate espionage suit filed against Hilton as the lawsuit may compromise a criminal investigation currently underway.

A shareholder is suing the board of directors of General Growth Properties Inc., a Chicago-based publicly traded real estate investment trust, for alleged breach of fiduciary duty. According to BusinessWeek, Chairman John Bucksbaum, along with the six other members of the board, is being brought to court for rejecting a $10 billion buyout offer from [...]

A sequel to the hit movie Wall Street is due to be released in a few months. The sequel, called Money Never Sleeps, stars Michael Douglas as the infamous Gordon Gekko who was sent to prison for insider trading. Although the plot seems a bit disappointing, it will be worth it to watch Gekko resurrect [...]