| Jan 25, 2014
| 8:44 PM
WASHINGTON — As Ben S. Bernanke walks away from the Federal Reserve's marble headquarters on the Mall after presiding over his last policy meeting Wednesday, he will leave behind a bittersweet legacy.
On one hand, his unprecedented efforts to...
| Jan 29, 2014
| 6:18 PM
SAN FRANCISCO — Google's deal to sell its Motorola Mobility unit to Lenovo for $2.9 billion delivered a double-barreled shocker to the tech industry as the sale promised to scramble the playing field for mobile devices.
The transaction marks an...
| Jan 3, 2014
| 7:00 AM
WASHINGTON -- Fannie Mae and Freddie Mac collected $7.9 billion from large financial institutions to settle suits over bad mortgage-backed securities purchased by the seized housing finance giants during the subprime housing boom, their federal regulator...
| Dec 30, 2013
| 11:17 AM
As the five-year statute of limitations approaches for the wrongdoing that bequeathed us the Great Recession, the question of why no high-level executives have been prosecuted becomes more urgent.
You won't find a better, more incisive discussion of the...
| Jan 10, 2014
| 8:35 AM
WASHINGTON -- President Obama will nominate Stanley Fischer, the former head of the Bank of Israel, to be vice chair of the Federal Reserve, and also tapped two other people for seats on the central bank's Board of Governors, the White House said Friday....
| Jan 10, 2014
| 5:43 PM
WASHINGTON — President Obama will nominate Stanley Fischer, the former head of the Bank of Israel, to be vice chair of the Federal Reserve, and also tapped two others for seats on the central bank's Board of Governors, the White House said.
| Jan 13, 2014
| 7:10 AM
WASHINGTON -- The nomination of former Bank of Israel head Stanley Fischer to be Janet Yellen's lieutenant gives the Federal Reserve a "Dream Team" in the top two positions, Pimco Chief Executive Mohamed El-Erian said Monday.
Fischer was the "most...
| Jan 14, 2014
| 10:23 AM
Leadership positions at large U.S. banks are predominantly held by whites, according to a new report by the National Assn. for the Advancement of Colored People.
“Equal opportunity for people of color in the United States remains an unrealized...
| Jan 15, 2014
| 4:28 PM
A Los Angeles city councilman called Wednesday for his colleagues to explore ways of punishing banking giant JPMorgan Chase & Co. for engaging in financial misconduct, possibly by terminating the company's contracts with the city.
| Jan 16, 2014
| 9:04 AM
Lena Dunham of "Girls" is known for a certain scruffy edge, but she's got style cred now, appearing for the first time on the cover of February's Vogue, which deems her "the new queen of comedy." (Oh, and she also wore a white lace frock from Erdem's pre-...
| Dec 4, 2013
| 9:36 AM
Three of the nation's largest banks are not fully complying with new standards for dealing with mortgage customers that were agreed to as part of a $25-billion settlement of foreclosure abuse allegations, the settlement's monitor said Wednesday.