Baltimore Checkbook

Bank of America exec says consumer bank will cut...

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Bank of America Corp. continues to reduce headcount in the consumer bank, with its top retail executive saying it will slice up to 8,000 jobs over a period of time. It’s an ongoing trend for the bank as fewer transactions are done in branches and more customers use mobile banking. Thong Nguyen, president of retail banking and co-head of consumer banking, talked about this business shift at the Morgan Stanley Financials Conference Tuesday. Nguyen said the consumer bank is just over half of Bank…

Five and Dime Ale House aims to be go-to place for...

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The owners of Pratt Street Ale House aren’t trying to change the formula with the newest addition to its growing list of restaurants as they look to continue the high burger and beer standards when Five and Dime Ale House opens this fall in Hampden. 206 Restaurant Group, which also operates Park Tavern in Severna Park, the Ale House in Columbia and Oliver Brewing Co., will bring the classic pub fare they have based their reputation on to 901 W. 36th St. with a goal of opening in early September. Managing…

Disney's Shanghai celebration tempered by Orlando...

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As a crisis consumes his theme park in Orlando, Disney’s CEO is half a world away, overseeing the opening of the brand new Shanghai Disneyland.



from http://www.wbaltv.com/money/disneys-shanghai-celebration-tempered-by-orlando-crises/40066600

Orlando GoFundMe campaign gets donations from over...

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More than 92,000 donors have given over $4 million to a GoFundMe campaign that’s raising money to help the victims of the Orlando Pulse shooting.



from http://www.wbaltv.com/money/orlando-gofundme-campaign-gets-donations-from-over-92000-people/40067182

How to donate to Orlando victims and avoid scams

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As donations flood in for the victims in Orlando, the number of fundraisers are proliferating.



from http://www.wbaltv.com/money/how-to-donate-to-orlando-victims-and-avoid-scams/40067980

Legg Mason CEO Sullivan sees compensation drop...

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Legg Mason CEO Joseph A. Sullivan earned $10.2 million in total compensation during the company’s 2016 fiscal year that ended March 31, the company said Wednesday in federal filings. Sullivan, last year the second-highest-paid CEO in Greater Baltimore, saw his compensation fall by $355,988, or 3.3 percent, from 2015. This is the second consecutive year Sullivan has seen his compensation decrease. “We had a tougher year financially, so like everyone else he took a pay cut,” said Mary K. Arthridge,…

Rawlings-Blake, City Council president spar over...

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The war of words at City Hall between the mayor and City Council heated up again on Wednesday on the topic of vacant houses. A week after the two sides had an ugly rift during budget negotiations that included a threat by City Council President Bernard C. “Jack” Young to shut down city government over a funding cut by Mayor Stephanie Rawlings-Blake to after-school youth programs, Young verbally lashed out at the administration again during a meeting of the city’s spending panel. At issue was a…

Kellogg recalls snacks in peanut scare

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Kellogg Co. joined competitors on Tuesday in recalling a variety of cookies and brownies because of fears of peanut-residue contamination with no warning on the label.



from http://www.wbaltv.com/health/kellogg-recalls-snacks-in-peanut-scare/40058246

Bank of America has 23% fewer branches than 2009

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Thanks to digital disruption, the physical presence of Bank of America is shrinking…fast.



from http://www.wbaltv.com/money/bank-of-america-has-shut-23-of-its-branches-since-2009/40066548

All eyes on Federal Reserve decision at 2 p.m.

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The Federal Reserve is expected once again to pump the brakes.



from http://www.wbaltv.com/money/all-eyes-on-federal-reserve-decision-at-2-pm/40067144