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LAPD officers killed one resident of this Watts housing project. 12 hours later, they worked to save another's life
Los Angeles Times

E. Scott Reckard

Writer

E. Scott Reckard covers mortgage, housing and banking issues for the Los Angeles Times' Business section. A longtime Southern California resident, he worked for 14 years as a reporter and editor for the Associated Press in Los Angeles before joining The Times in 1997. Past experiences have included writing about entertainment businesses, aerospace, tourism, workplace issues, Ponzi schemes and corporate fraud.

Recent Articles

  • Glasstile president builds success piece by piece

    Glasstile president builds success piece by piece

    The gig: Sean Gildea, 48, is president of Oceanside Glasstile. Since its founding in 1992, "before recycling was really happening," Gildea said, the firm has used large amounts of recycled glass to make tiles for kitchens, baths, swimming pools and fireplaces. A Tijuana factory employs 290 people,...

  • Average interest rates above 4% choke off mortgage refinancing boom

    Homeowners who didn't refinance their mortgages when interest rates were below 4% may be out of luck for quite a while. Banks had been processing big batches of refis earlier this year when the average rate fell below 3.6%. But they'll be writing fewer home loans now as rates above 4% choke off...

  • L.A.'s Banamex to close, pay $140 million in money laundering probe

    L.A.'s Banamex to close, pay $140 million in money laundering probe

    Banamex USA, a Century City unit of Citigroup Inc. that served customers doing business in Mexico and the U.S., has agreed to shut down and pay $140 million in penalties to settle state and federal money-laundering probes. Citigroup said in a news release Wednesday that it would "wind down" Banamex...

  • Banking regulators OK merger of OneWest with CIT Group

    Banking regulators OK merger of OneWest with CIT Group

    Federal regulators approved a New York lender's controversial $3.4-billion takeover of Pasadena's OneWest Bank, a deal that would create a hybrid company with a national commercial lending business and 70 retail branches in Southern California.The decision, announced Tuesday, overcame objections...

  • L.A. suit accusing Wells Fargo of predatory mortgage lending practices is dismissed

    L.A. suit accusing Wells Fargo of predatory mortgage lending practices is dismissed

    A federal judge dismissed a city of Los Angeles lawsuit accusing Wells Fargo & Co. of violating the federal Fair Housing Act by engaging in predatory mortgage lending practices targeting minority borrowers. In a 28-page ruling Friday, U.S. District Judge Otis Wright II said the "undisputed facts"...

  • Fed probes RBC role in City National loan, possibly delaying merger deal

    Fed probes RBC role in City National loan, possibly delaying merger deal

    The Federal Reserve is investigating allegations that Royal Bank of Canada teamed up improperly with City National Corp. to make a loan to a client while the proposed combination of the two banks is still pending. The probe could delay the planned $5.4-billion takeover of the big Los Angeles bank...

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