| Nov 19, 2013
| 12:48 PM
JPMorgan Chase & Co. will pay a record $13 billion to resolve allegations that it sold faulty mortgage investments that fueled the 2008 financial crisis, Justice Department and state officials said.
New York Atty. Gen. Eric T. Schneiderman said the...
| Nov 19, 2013
| 2:05 PM
JPMorgan Chase & Co. said the $13 billion settlement it reached with the Justice Department, state attorneys general and other agencies erased most of its potential liability in the sale of faulty mortgage investments that fueled the 2008 financial...
| Nov 29, 2013
| 5:53 PM
NEW YORK — Ari Rubenstein, a "Star Trek" fan who counts physics as a hobby, wants to boldly go where Wall Street has never gone before: the speed of light.
Rubenstein heads Strike Technologies, a New York company that's part of a budding cottage...
| Oct 21, 2013
| 4:32 PM
JPMorgan Chase, one of our nation's ethically-challenged financial institutions, is facing another big fine. That means that once again you'll be hearing the right wing's go-to defense of the bank: President Obama's out to get JPMorgan Chairman Jamie...
| Nov 20, 2013
| 11:56 AM
The "statement of fact" -- that narrative document that lays out what a corporate defendant has done wrong, without actually mentioning anything that could hurt the corporation in court -- has become our generation's big new literary genre. The...
| Dec 11, 2013
WASHINGTON — Government regulators approved a sweeping new set of rules for the nation's biggest banks that ban them from the kind of ultra-high-risk trading that nearly collapsed the world's financial system.
Despite a fierce lobbying effort to...
| Oct 8, 2013
| 11:35 PM
A California man has been indicted by a federal grand jury on charges of securities fraud in connection with the Walt Disney Co.'s $4-billion acquisition of Marvel Entertainment.
Toby G. Scammell, 28, allegedly learned confidential details of the...
| Jul 22, 2013
| 7:25 AM
WASHINGTON -- UBS said Monday it agreed to settle a lawsuit brought by U.S. regulators alleging the Swiss banking giant misrepresented mortgage-backed securities sold to Fannie Mae and Freddie Mac in the years leading up to the subprime-loan meltdown....
| Jul 23, 2013
| 6:30 AM
Federal authorities are trying to topple Steven A. Cohen from his heights as one of the world’s top hedge fund managers by stripping him of the right to invest other people’s money.
Could fighting the non-criminal proceeding that the...
| Jul 14, 2013
| 10:19 PM
Consumer Portfolio Services Inc. operates on a simple principle: Everyone needs a car.
For more than two decades, the Irvine subprime auto lender, known as CPS, has helped finance vehicles for people who have less than perfect credit.
| 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,...