| Oct 17, 2013
| 5:51 PM
WASHINGTON — In the grand scheme of the $16-trillion U.S. economy, the nearly three-week government shutdown and standoff over the debt ceiling may not look like much. Analysts estimate the loss at tens of billions of dollars, and reckon that much...
| Jul 25, 2013
| 3:22 PM
WASHINGTON -- U.S. regulators said Thursday that they reached an $885-million settlement with UBS Americas Inc. of a suit alleging that the subsidiary of the Swiss banking giant misrepresented mortgage bonds it sold to Fannie Mae and Freddie Mac.
| Aug 6, 2013
| 1:08 PM
Financial underwriters who want to do business with the County of Los Angeles must agree not to give political donations to school bond campaigns under new rules adopted this month by government finance officials.
Because Los Angeles County is by far...
| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...
| Oct 11, 2013
| 12:47 PM
That's the question raised by James Grant in a Washington Post op-ed, and his answer -- as anyone who knows Grant might expect -- is yes.
His real point is that it happens all the time, in a way, and will inevitably happen in the future. "On the...
| Oct 9, 2013
| 10:50 AM
There is much to praise in President Obama's nomination of Janet Yellen as Federal Reserve chair. She's a superbly qualified economist with an excellent eye for emerging trends.
Yellen wasn't alone among Fed governors in predicting the coming...
| Oct 8, 2013
| 1:57 PM
That is: "Insane."
And "ideological extremists."
At his press conference Tuesday, President Obama described the budget standoff in terms as stark as any he has used since the outset. He needs to get even angrier and more...
| Aug 30, 2013
| 6:09 PM
In a new legal challenge, financial industry opponents of the city of Richmond's plan to seize underwater home loans call the gambit a disguised attempt to profit at the expense of everyday investors.
Richmond is threatening to use eminent domain to...
| Sep 18, 2013
| 7:13 AM
WASHINGTON -- Is it taper time for the Federal Reserve?
That's the key question as the financial and economic worlds await the end of the central bank's policymaking meeting Wednesday and Fed Chairman Ben S. Bernanke's quarterly news conference.
| Sep 20, 2013
| 9:00 AM
Lillian Disney lived 101/2 years after instigating the creation of Walt Disney Concert Hall in her husband's honor by donating $50 million, but she never got to see it rise from its foundation, alone attend a performance.
"A concert hall that would...
| Sep 22, 2013
| 8:21 PM
SACRAMENTO — The Brown administration and some water buffaloes want to muck up one of the most unique, mysterious and picturesque areas of California. Muck it up literally.
OK, they're really trying to update California's vital waterworks and...