| Sep 19, 2013
| 12:07 PM
WASHINGTON -- JPMorgan Chase & Co. has agreed to pay $389 million in refunds and penalties for illegally charging credit card customers for identity theft protection and other add-on services they didn't receive or authorize, federal regulators said...
| Oct 10, 2013
| 6:13 PM
The stock market staged its best rally of the year as lawmakers inched toward a deal that would temporarily stave off a government debt default.
The Dow Jones industrial average surged 323.09 points after congressional Republicans proposed increasing...
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...
| Aug 14, 2013
| 7:16 PM
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week.
The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a...
| Jul 9, 2013
| 10:02 AM
WASHINGTON -- The nation's eight largest banks would have to meet tougher leverage limits than required under international standards as part of new rules proposed Tuesday by federal regulators designed to protect taxpayers from another financial crisis....
| Sep 6, 2013
| 9:38 AM
Citing a large drop-off in private student loan originations, a JPMorgan Chase & Co. spokeswoman confirmed Friday that the bank would stop issuing student loans Oct. 12.
"Over the last five years, students have increasingly relied on government-backed...
| Aug 14, 2013
| 9:11 AM
U.S. household debt declined by $78 billion in the second quarter from the previous quarter, a decline of 0.7%, the Federal Reserve Bank of New York said Wednesday.
Total U.S. household debt declined from $11.23 trillion in the first three months of...
| Sep 4, 2013
| 7:51 AM
HUNCHUN, China -- The Chinese railroad official whose house in the Los Angeles suburb of Walnut drew the attention of anti-corruption investigators has been charged with accepting nearly $8 million in bribes, state media reported.
Zhang Shuguang, 57, is...
| Aug 16, 2013
| 5:06 PM
SACRAMENTO — A Canadian power company will pay California electricity ratepayers $750 million to settle allegations that it bought electricity from the state and then sold it back at a huge markup during the energy crisis of 2000 and 2001.
| Aug 14, 2013
| 8:49 AM
BlackBerry announced this week that it's considering selling itself, but the Canadian phone-maker may have a hard time finding a buyer.
According to a report Tuesday, BlackBerry has already been secretly looking for a buyer for nearly a year....
| Jul 30, 2013
| 8:46 PM
If you take our federal and state energy authorities at their word, you just might be convinced that the $410-million penalty dropped Tuesday on JPMorgan Chase for manipulating energy markets in California and the Midwest is a big deal.