| Jan 31, 2014
| 5:44 PM
NEW YORK — A New York state judge has approved nearly all of an $8.5-billion settlement between Bank of America and large investors who suffered losses in mortgage-backed bonds stemming from the housing meltdown.
The settlement centers around...
| Feb 26, 2014
| 3:38 PM
Eric Bloom was still in his 20s when he took over his father’s Sentinel Management Group Inc., a well-connected Northbrook money management firm known for always paying dividends on safe, reliable investments.
But prosecutors say Bloom secretly...
| May 2, 2014
| 1:28 PM
A Los Angeles city councilman wants out of deals with two Wall Street banks he says are costing the city money.
Councilman Paul Koretz introduced a motion Friday that calls on two banks to either renegotiate contracts with the city at no cost, or for...
| Dec 19, 2013
| 11:41 AM
The announcement by Target on Thursday that 40 million credit and debit card accounts may have been breached by cyber-crooks is just one in a string of notable consumer-data breaches in recent years.
The Minneapolis-based retailer said the unauthorized...
| Dec 26, 2013
| 5:39 PM
NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis.
Federal prosecutors want BofA to pay $864 million after the bank's stinging...
| Mar 20, 2014
| 1:30 PM
WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...
| Nov 15, 2013
| 7:51 AM
WASHINGTON -- Moody's Investor Services on Friday said it cut the credit ratings for four big U.S. banks because of reduced chances the government would bail them out in a future crisis.
The ratings for bank holding company debt of JP Morgan Chase & Co....
| Nov 25, 2013
| 5:21 PM
A California city's controversial plan to use eminent domain to help its residents burdened with mortgages worth more than their homes has caught the eye of some Baltimore leaders, who say the city might benefit from the program.
There are thousands of...
| Jun 30, 2014
| 7:33 PM
Los Angeles officials moved Monday to get out of two Wall Street bank contracts that they say soured after the economic crash of 2008.
In 2006, the city entered into an interest rate swap deal with Bank of New York Mellon and Dexia, a Franco-Belgian...
| Jul 1, 2014
| 9:35 AM
Dozens of trash haulers and other vehicles encircled Los Angeles City Hall on Tuesday, blowing their horns and clogging downtown traffic as they protested what city labor groups claim are millions of dollars' worth of "predatory fees" L.A. has paid to...
| Jul 1, 2014
| 12:47 PM
Hundreds of city workers and their allies packed the streets and sidewalks outside Los Angeles City Hall on Tuesday morning, protesting "predatory fees" the city pays to Wall Street banks.
The Fix LA Coalition, which includes labor unions, clergy and...