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Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...
A 57-year-old man was arrested Saturday on suspicion of bank robbery after being spotted leaving the bank in a cab, San Diego police said. Andrew Geils was arrested minutes after a robbery at a Citibank branch in downtown San Diego. Witnesses reported...
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
First Spider-Man, now Iron Man? We’re in for real trouble if the Incredible Hulk turns on us. For the second time in a week, authorities are looking for a masked superhero that has robbed citizens of their hard-earned dollars. According to the...
NEW YORK — As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under. BofA agreed to settle a big insurer's claims over faulty mortgage bonds for $1.7 billion Monday. But...
NEW YORK -- New York state's attorney general plans to sue Wells Fargo and Bank of America over alleged violations of a national mortgage settlement reached last year. Atty. Gen. Eric Schneiderman's office said Monday it intends to sue the banks for...
NEW YORK -- Violations of a landmark mortgage settlement alleged by New York's attorney general are also widespread in California, a housing advocacy group says. “Banks aren’t doing what they’re supposed to be doing to help people stay...
Tags: Mortgages, Lobbying, JPMorgan Chase & Co., Politics, Investments
WASHINGTON -- Economist Mark Zandi reportedly is being considered by the Obama administration to head the federal agency that oversees taxpayer-owned Fannie Mae and Freddie Mac as the White House seeks a candidate who could avoid Republican opposition...
Saying too many homes have been lost “to bank malfeasance or error,” Sen. Barbara Boxer called for federal investigations into whether banks are breaking the consumer-protection pledges they made in last year’s $26-billion settlement...
Can the ultimate too-big-to-fail bank persuade customers that it is humble? A new Bank of America Corp. ad campaign is taking on that task, with the tag line "Life's Better When We're Connected" replacing “Bank of Opportunity.” “We...
Insurance giant WellPoint Inc. reported a 3% increase in first-quarter profit and raised its full-year outlook as the company prepares for major changes under the federal healthcare overhaul. WellPoint, which runs Anthem Blue Cross in California and...
Megabanks still lag behind their smaller brethren in customer satisfaction, but the goliaths are catching up, according to a national survey that ranked JPMorgan Chase Bank highest among the big dogs and Bank of America lowest. The J.D. Power and...
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