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    May 19, 2013 |Story| Los Angeles Times

  1. 3 big banks nearly halt foreclosure sales after U.S. tweaks orders

    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.
    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...

    Tags: Mortgages, Citigroup Incorporated, Foreclosures, Financial and Business Services, JPMorgan Chase & Co.

    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, Ben Bernanke, Economy, Business and Finance, Mary Jo White, U.S. Department of the Treasury

    3. Apr 18, 2013 |Story| Los Angeles Times

  3. Foreclosure-abuse settlement checks bounce

    Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks. 
    Some borrowers who received compensation for possible foreclosure abuses were told to take a hike this week when they tried to cash the checks.  Just when it seemed the mortgage mess might be tailing off, it was the latest debacle for a program whose...

    Tags: Federal Reserve, Economy, Business and Finance, JPMorgan Chase & Co., U.S. Department of the Treasury, Accounting and Auditing

    4. Apr 9, 2013 |Story| Los Angeles Times

  4. $3.6 billion in foreclosure settlement payments to begin Friday

    As part of a settlement with federal regulators, 13 lenders this week are to begin paying $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010.
    As part of a settlement with federal regulators, 13 lenders this week are to begin paying $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...

    Tags: Mortgages, Financial and Business Services, Morgan Stanley Dean Witter & Company, Federal Reserve, U.S. Department of the Treasury

    5. Apr 9, 2013 |Story| Los Angeles Times

  5. Lenders in settlement to make payouts to foreclosed borrowers

    As part of a settlement with federal regulators, 13 lenders this week are starting to pay out $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010.
    As part of a settlement with federal regulators, 13 lenders this week are starting to pay out $3.6 billion to more than 4 million troubled borrowers whose homes were in foreclosure proceedings in 2009 and 2010. A chart released Tuesday by the regulators...

    Tags: Mortgages, Financial and Business Services, Federal Reserve, Morgan Stanley Dean Witter & Company, U.S. Department of the Treasury

    6. Apr 3, 2013 |Story| Los Angeles Times

  6. Banks are not complying with mortgage settlement, survey finds

    Banks aren't living up to pledges they made in last year's landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group's survey of California housing counselors and lawyers.
    Banks aren't living up to pledges they made in last year's landmark government settlement of mortgage servicing and foreclosure abuses, according to an advocacy group's survey of California housing counselors and lawyers. The California Reinvestment...

    Tags: Mortgages, Citigroup Incorporated, Banking, Financial and Business Services, Economy, Business and Finance

    7. Apr 3, 2013 |Story| Los Angeles Times

  7. Report: Banks aren't complying with mortgage settlement terms

    Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers.
    Banks aren’t living up to pledges they made as part of a $26-billion settlement of government investigations into mortgage servicing and foreclosure abuses, according to an advocacy group’s survey of California housing counselors and lawyers....

    Tags: Mortgages, Citigroup Incorporated, Banking, Financial and Business Services, Economy, Business and Finance

    8. Mar 13, 2013 |Story| Los Angeles Times

  8. Senators to question former JPMorgan exec who oversaw London Whale

    WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co. executive who oversaw the trading unit responsible for the $6.2-billion "London Whale" trading losses, is scheduled to testify Friday at a Senate hearing on the risky derivatives bets.
    WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co. executive who oversaw the trading unit responsible for the $6.2-billion "London Whale" trading losses, is scheduled to testify Friday at a Senate hearing on the risky derivatives bets. Drew, who...

    Tags: U.S. Senate, Jamie Dimon, Carl Levin, Politics, Corporate Officers

    9. Mar 15, 2013 |Story| Los Angeles Times

  9. Ina Drew, who oversaw JPMorgan's 'London Whale,' saddened by losses

    WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades,  admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened”  by the scandal last year that damaged the bank’s reputation and ended her 30-year career.
    WASHINGTON -- Ina Drew, the former JPMorgan Chase & Co., executive who oversaw the “London Whale” trades,  admitted mistakes led to at least $6.2 billion in losses and told senators Friday she was “saddened”  by the scandal last...

    Tags: Jamie Dimon, Economy, Business and Finance, JPMorgan Chase & Co., Finance

    10. Feb 18, 2013 |Story| Los Angeles Times

  10. 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: U.S. Senate Committee on Banking, Housing, and Urban Affairs, Economy, Business and Finance, Crime, Law and Justice, Scott P. Brown, U.S. Consumer Financial Protection Bureau

    11. Jan 16, 2013 |Story| Los Angeles Times

  11. Goldman, Morgan Stanley settle foreclosure cases for $557 million

    Goldman Sachs and Morgan Stanley will pay $557 million in cash and other assistance to help certain people who have fallen behind on their mortgage payments, and others who lost homes to foreclosure, according to the Federal Reserve.
    Goldman Sachs and Morgan Stanley will pay $557 million in cash and other assistance to help certain people who have fallen behind on their mortgage payments, and others who lost homes to foreclosure, according to the Federal Reserve. The agreements with...

    Tags: MetLife Incorporated, Mortgages, Citigroup Incorporated, Financial and Business Services, Morgan Stanley Dean Witter & Company

    12. Jan 14, 2013 |Story| Los Angeles Times

  12. MetLife gets out of banking business, sells deposits to GE Capital

    WASHINGTON -- Snoopy is getting out of the banking business.
    WASHINGTON -- Snoopy is getting out of the banking business. Insurance giant MetLife Inc., which uses Peanuts characters as its corporate mascots, on Monday closed a deal to sell its banking assets.  GE Capital Retail Bank, a subsidiary of General...

    Tags: MetLife Incorporated, Banking, Economy, Business and Finance, Federal Reserve, General Electric Company

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