| Jul 2, 2013
| 8:14 AM
WASHINGTON -- The Federal Reserve on Tuesday adopted tougher requirements for banks -- part of an international agreement designed to prevent another financial crisis -- and opened the door to even stricter rules for the nation's biggest institutions....
| Jun 20, 2013
| 7:00 AM
Major banks will soon be seeing better enforcement of last year's big settlement of foreclosure-abuse complaints, according to a monitor for the agreement and a group of state and federal officials who negotiated it.
The officials said the banks...
| Jun 28, 2013
| 6:00 AM
LAS VEGAS — Liberace’s old off-Strip mansion is up for sale for a veritable song, but is the property fabulous or a decrepit fixer-upper?
Built in 1962, the once-lavish 14,939-square-foot spread sits on a half-acre lot near the University of...
| Jun 18, 2013
| 9:17 PM
For all the mixed messages from the Fed and the uncertainty that has roiled financial markets recently, one thing looks very clear: The era of declining interest rates is over.
After three decades in which borrowing costs for Americans have pretty...
| Jun 19, 2013
| 7:52 AM
The nation's biggest banks haven't yet kept all the pledges they made 16 months ago to settle state and federal investigations into abuses of troubled homeowners and the foreclosure process, the national monitor for the settlement reported.
| Jun 20, 2013
| 6:09 PM
NEW YORK — This year's dizzying stock market rally was halted with the biggest one-day plunge of the year.
The Dow Jones industrial average slumped almost 354 points Thursday amid fears that the economy will slow now that the Federal Reserve has...
| Jun 20, 2013
| 6:18 PM
Last year's $25-billion national mortgage settlement required five giant banks to assign a single employee to each borrower seeking a loan modification — a personal guide who could cut through the bureaucracy.
The so-called single-point-of-contact...
| Jun 12, 2013
| 12:19 PM
Having slashed away much of its troubled mortgage business, Bank of America Corp. is now growing the what remains, the company's chief financial officer says.
CFO Bruce Thompson told analysts that Bank of America, once the nation's largest mortgage...
| Jun 13, 2013
| 11:55 AM
This post has been updated with information from an amended criminal complaint filed Thursday afternoon.
Hackers allegedly targeted 15 financial institutions, including JPMorgan Chase & Co., Citigroup Inc. and E-Trade, as part of a nearly two-year-...
| May 10, 2013
| 7:02 AM
WASHINGTON -- A nearly $60-billion dividend payment to the government by taxpayer-owned Fannie Mae will help push off the effective date on which the U.S. would hit its debt limit until at least Labor Day, Treasury Secretary Jacob J. Lew said Friday....
| Feb 26, 2013
| 12:20 PM
Tribune Co. has hired investment bankers to advise the media company on the sale of its newspaper publishing unit, according to a source familiar with the matter.
The company has retained JPMorgan Chase & Co. to oversee a potential sale of the...