| Jul 25, 2013
| 3:00 PM
Legg Mason Inc. reported better-than-expected earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn.
The Baltimore-based money manager posted a $47.8 million profit in the quarter April...
| 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 7, 2013
| 8:47 AM
Legg Mason Inc. announced Wednesday it would be shutting down its London-based emerging markets boutique and returning money to investors.
Esemplia Emerging Markets manages $500 million in assets, not large enough to keep operating, Legg said. The firm,...
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...
| Aug 22, 2013
| 9:00 AM
WASHINGTON -- Five large banks said they have given $51.3 billion in relief to consumers under a landmark settlement of foreclosure-abuse complaints that is almost finished providing assistance to homeowners, the official monitor of the deal said...
| Sep 4, 2013
| 10:21 AM
It looked a sweet deal: Citibank would give Ole 50,000 American Airlines miles if he took out a new credit card.
The only catch was that he'd have to spend at least $3,000 over three months.
ASK LAZ: Smart answers to consumer questions
Ole had no...
| Jun 12, 2013
| 2:21 PM
In California's new state-run health insurance market, Kaiser Permanente will cost you.
The healthcare giant has the highest rates in Southern California and some other areas of the state, surpassing rivals such as Anthem Blue Cross and other smaller...
| Sep 6, 2013
| 4:05 AM
After picking two finalists for a lucrative lease of Midway Airport, Mayor Rahm Emanuel's administration Thursday abruptly halted its efforts to take the transportation hub private.
Emanuel spokeswoman Sarah Hamilton said one group vying for the deal...
| Sep 10, 2013
| 3:01 PM
Corporate Office Properties L.P., the operating partnership of Columbia-based Corporate Office Properties Trust, will issue $250 million on senior unsecured notes.
The notes, due Feb. 15, 2024, will pay an interest rate of 5.25 percent. Corporate...
| Sep 17, 2013
| 2:42 PM
Federal arbitrators have awarded $3.1 million to an Orlando couple who accused Citigroup Global Markets Inc. and a former local broker of misconduct in steering them into ill-fated real-estate investments with a prominent politician, Lawton "Bud" Chiles...
| Sep 20, 2013
Five years ago, this week, the world of finance and economics changed forever.
At least that's the story.
It started with a sad milestone in Wall Street history: the fall of the House of Lehman.
Between Sept. 13 and Sept. 20, 2008, Lehman Bros., the...