| Sep 19, 2013
| 5:32 PM
NEW YORK — JPMorgan Chase & Co. has made a rare declaration for Wall Street: The nation's biggest bank admitted it broke the law.
The financial giant acknowledged Thursday that it violated securities laws and agreed to pay fines of $920 million as...
| Sep 19, 2013
| 8:02 AM
The Federal Reserve’s decision to continue a stimulus program unabated should put more downward pressure on mortgage rates, which had fallen sharply this week even before the central bank announced its decision.
The average rate for a 30-year fixed...
| Sep 18, 2013
| 4:46 PM
A once-notorious intersection at the foot of Laurel Canyon in Hollywood is being targeted for a striking new development with high-rise apartments, street-level shops and an underground grocery store.
At the southwest corner of Sunset Boulevard at...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 10, 2013
| 6:12 PM
NEW YORK — The stock market's all-star team has some new players.
Leaving the Dow Jones industrial average is aluminum giant Alcoa Inc., computer-maker Hewlett-Packard Co. and financial behemoth Bank of America Corp. Joining the index of 30 blue-...
| Sep 13, 2013
| 11:23 PM
There are two ways to think about how far we've come in protecting against a repeat of the financial meltdown five years ago that plunged the world into recession.
You can conclude that we've pretty much eradicated the risk of another such crisis. That'...
| Sep 6, 2013
| 9:08 PM
Dear Liz: My son is 12 and receives a regular monthly allowance that I've been giving to him in cash. I think it might be time for a checking account. I would like to teach him about using a debit card and not overdrawing his account. All the banks that I...
| 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 30, 2013
| 4:03 PM
The state of California and the Bank of America have a lot in common, says BofA Chief Executive Brian Moynihan.
Both were all but written off by critics as the economy tanked. Both endured painful budget cuts and remain hampered by unemployment and...
| Aug 22, 2013
| 9:00 AM
WASHINGTON -- Five large banks said they have given $51.3 billion in relief to consumers under a landmark settlement of foreclosure-abuse complaints that is almost finished providing assistance to homeowners, the official monitor of the deal said...
| 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.