| 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 15, 2014
| 5:17 PM
NEW YORK — Bank of America Corp.'s fourth-quarter profit surged as the financial giant continued to work through its hangover from the housing meltdown.
The Charlotte, N.C., bank Wednesday reported net income of $3.4 billion, or 29 cents a share,...
| Jan 14, 2014
| 6:44 PM
NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank.
After weathering a barrage of legal and regulatory assaults in 2013, the...
| Jan 14, 2014
| 10:56 AM
Despite a sharp downturn in its market-leading mortgage business, Wells Fargo & Co. reported a 10% improvement in fourth-quarter earnings as loan losses declined and the San Francisco bank collected higher fees in other businesses.
Wells, which wrote...
| Jan 9, 2014
| 6:00 AM
Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money.
Bank credit-card delinquencies...
| Dec 28, 2013
| 7:39 AM
A Times investigation into the intense sales culture at Wells Fargo Bank, published in Sunday's newspaper, has drawn strong reaction from the bank's customers and employees. Many related experiences similar to those described in the story.
| Dec 25, 2013
Re "Wells Fargo sales quotas come at cost," Dec. 22
From 1996 to 2002, I worked at a Wells Fargo branch in Brentwood. My experience was just as The Times reported for other workers.
I was criticized numerous times for not selling according to the...
| Dec 21, 2013
| 12:00 PM
Wells Fargo branch manager Rita Murillo came to dread the phone calls.
Regional bosses required hourly conferences on her Florida branch's progress toward daily quotas for opening accounts and selling customers extras such as overdraft protection....
| 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.
| Dec 7, 2013
| 4:33 PM
The city of Los Angeles has filed a lawsuit against Bank of America, the third banking giant accused of mortgage discrimination in minority communities that in turn led to a wave of foreclosures, reduced property tax revenue and increased costs for city...
| Dec 6, 2013
| 10:32 AM
Bank of America Merrill Lynch's head of currency research says that bitcoin, the unregulated digital currency, may emerge as a serious competitor to traditional money-transfer providers, and he has identified a fair value for the burgeoning currency.