Business
The Federal Reserve Board announced Thursday that it has approved a controversial plan by Security Pacific National Bank to establish what amounts to a private exchange for the trading of some of the riskiest securities known to investors: options on U.S.
Aug. 7, 1987
The trustee for a failed government securities dealer has sued Security Pacific Corp. and a bank subsidiary for $477 million, claiming that they contributed to the dealer’s downfall in April.
Oct. 29, 1985
World & Nation
Social Security celebrates its 60th birthday next month as the nation’s most successful social program, the object of a near-unique degree of political veneration from Congress and Presidents.
July 30, 1995
Money & Company
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June 26, 2008
Chase Manhattan to Enter Securities Trade: The New York bank said it has federal permission to begin underwriting and trading in corporate securities.
June 7, 1994
In a sign that the slowing economy is starting to take its toll on California banks, Security Pacific Corp. disclosed Monday that its third-quarter earnings fell 27%, its first quarterly profit drop since 1987.
Oct. 16, 1990
Los Angeles County, alerted to the dangers of one of its more esoteric money-making practices by last month’s stock market panic and crash, is suspending the program.
Nov. 16, 1987
The Los Angeles County Metropolitan Transportation Authority has begun an inquiry into transactions with its former financial adviser, Lazard Freres & Co., to determine if the firm substantially overcharged it for U.S.
June 14, 1995
Regulation: The Supreme Court reaffirms the agency’s right to sue brokers who sell clients’ securities and steal the proceeds.
June 4, 2002
Technology Blog
May 18, 2011