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Highlights

A collection of news and information related to Business Institutions published by this site and its partners.

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    May 19, 2013 |Story| Los Angeles Times

  1. More poor live in suburbs than in urban areas, research shows

    Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis.
    Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis. As poverty mounted throughout the nation over the past decade, the number of poor people living in...

    Tags: Poverty, University of Chicago, Brookings Institution, Social Issues, Hofstra University

    2. May 14, 2013 |Story| Los Angeles Times

  2. Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals

    Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted on the pros and cons of settlements that require no admissions of guilt.
    Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...

    Tags: Parties and Movements, Politics, HSBC Holdings plc, U.S. Congress, Conservation

    3. May 10, 2013 |Story| AP Member Choice Complete

  3. Bernanke says Fed increasing financial monitoring

    WASHINGTON — The Federal Reserve has broadened its oversight beyond banks and now monitors a wide range of financial institutions that could hasten another financial crisis, Chairman Ben S. Bernanke said Friday. Bernanke said the Fed is still...

    Tags: U.S. Congress, Financial Markets, Federal Reserve, Barack Obama, Ben Bernanke

    4. Apr 17, 2013 |Story| Los Angeles Times

  4. ATM surcharge fees jumped 20% since 2007, report says

    Using ATM machines out of your bank's network is getting increasingly more expensive.
    Using ATM machines out of your bank's network is getting increasingly more expensive. Those transactions tend to hit customers with two fees -- one from your own bank and the second from the ATM that takes a surcharge fee. That surcharge fee has...
    5. Apr 17, 2013 |Story| Los Angeles Times

  5. Payday lending bill stalls in Sacramento

    A California bill that would restrict the number of payday loans to any one borrower failed an initial vote in a key banking committee in Sacramento on Wednesday.
    A California bill that would restrict the number of payday loans to any one borrower failed an initial vote in a key banking committee in Sacramento on Wednesday. Senate Bill 515 received five no votes from members of the Senate Banking and Financial...

    Tags: Lou Correa, Politics, Elections, Financial and Business Services

    6. Apr 1, 2013 |Story| Los Angeles Times

  6. Silicon Valley start-ups criticize state money transmission law

    California is applying money-transfer laws to high-tech start-ups and others in the business of moving funds, subjecting them to the same strict regulations and heavy scrutiny as financial service companies.
    California is applying money-transfer laws to high-tech start-ups and others in the business of moving funds, subjecting them to the same strict regulations and heavy scrutiny as financial service companies. And that has some Silicon Valley...

    Tags: Roger Dickinson, Justice System, Crime, Law and Justice, Computer Hardware, Lawyers

    7. Mar 7, 2013 |Story| Los Angeles Times

  7. Some banks have become too big to prosecute, attorney general says

    First, financial institutions were too big to fail. Now, are they too big to prosecute?
    First, financial institutions were too big to fail. Now, are they too big to prosecute? Atty. Gen. Eric H. Holder Jr. said Wednesday that some banks had become so big that prosecuting them could endanger the wider economy. In remarks before the Senate...

    Tags: HSBC Holdings plc, U.S. Senate Committee on the Judiciary, U.S. Congress, Justice System, Crime, Law and Justice

    8. Feb 21, 2013 | Los Angeles Times

  8. Carl Washington, a former assemblyman, to plead guilty to fraud

    L.A. NOW
    A top L.A. County Probation Department executive who once was a state assemblyman has agreed to plead guilty to federal bank fraud charges, admitting he bilked financial institutions out of nearly $200,000 by falsely claiming to be an identity theft......
    9. Feb 18, 2013 |Story| Los Angeles Times

  9. Elizabeth Warren's first grilling of regulators is a YouTube hit

    <span style="font-size: small;">WASHINGTON &mdash; Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November.</span>
    WASHINGTON — Sen. Elizabeth Warren (D-Mass.), a darling of liberals who has been mentioned as a potential 2016 presidential contender, had kept a deliberately low profile since her election in November. In less than five minutes last week,...

    Tags: $700 Billion Bank Bailout (2008), Politics, U.S. Congress, U.S. Senate Committee on Banking, Housing, and Urban Affairs, U.S. Consumer Financial Protection Bureau

    10. Feb 5, 2013 |Story| Los Angeles Times

  10. S&P helped cause financial crisis with faulty ratings, Feds allege

    WASHINGTON -- Standard &amp; Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company.
    WASHINGTON -- Standard & Poor's Corp. helped cause the financial crisis by misleading investors with falsely high credit ratings on bonds backed by toxic subprime mortgages, federal officials alleged Tuesday in announcing a civil suit against the company....

    Tags: Financial Markets, Justice System, Crime, Law and Justice, Securities, Credit Ratings

    11. Jan 25, 2013 |Story| Los Angeles Times

  11. 'After the Music Stopped' looks back at the fiscal collapse

    <strong>After the Music Stopped</strong>
    -------------------- After the Music Stopped The Financial Crisis, the Response and the Work Ahead Alan Blinder Penguin Press: 496 pp., $29.95 -------------------- "Obamanomics was an incoherent blur to most citizens — and a not very...

    Tags: U.S. Congress, Financial Markets, Malcolm Gladwell, Drugs and Medicines, Music

    12. Jan 24, 2013 |Story| Los Angeles Times

  12. Mary Jo White won't be intimidated as SEC chief, Obama says

    WASHINGTON -- President Obama nominated Mary Jo White to be the new head of the Securities and Exchange Commission, saying her track record as a hard-nosed prosecutor means she won't be easily intimidated as Wall Street's new top watchdog.
    WASHINGTON -- President Obama nominated Mary Jo White to be the new head of the Securities and Exchange Commission, saying her track record as a hard-nosed prosecutor means she won't be easily intimidated as Wall Street's new top watchdog. "You don't...

    Tags: Chuck Schumer, Barack Obama, Prosecution, U.S. Securities and Exchange Commission, Richard Shelby

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