| Jul 11, 2014
| 6:18 PM
With solid quarterly results, Wells Fargo & Co. showed why it has become a darling of banking investors, but it also raised a crucial question:
How can the San Francisco financial giant continue its hot stock performance at a time when economic growth...
| Jul 9, 2014
| 5:49 PM
California will share in the U.S. Justice Department's multibillion-dollar settlement with Citigroup Inc. over defective mortgage investments the Wall Street giant peddled during the housing boom, according to people briefed on the negotiations.
| Jul 14, 2014
| 9:56 AM
Citigroup Inc. will provide $7 billion in cash and consumer relief to settle federal and state investigations into the sale of defective mortgage investments during the subprime housing boom, the Wall Street giant and federal officials said Monday....
| Jul 15, 2014
Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
| Jun 10, 2014
| 2:02 PM
Three of five members of a Inland Empire bank burglary crew accused of stealing more than $16 million by using power tools to cut through building roofs were sentenced this week for an attempted Diamond Bar heist.
Their terms ranged from 37 months to 51...
| Jun 11, 2014
| 10:21 AM
Two banks were robbed within minutes in the Loop this morning, apparently by the same man, police said.
The first robbery occurred around 8:40 a.m. when a man walked into a Chase Bank branch at 10 S. Dearborn St., indicated he had a weapon and asked...
| Jun 20, 2014
| 10:24 PM
Two men dubbed the "Cowboy Bandits" pleaded not guilty Friday to robbing eight businesses, including a bank, at gunpoint throughout the Los Angeles region, authorities said.
Dominic Dorsey, 46, of Hollywood, and Reginald Bailey, 69, of Los Angeles...
| Jun 23, 2014
| 1:20 PM
An Orlando mobile-software company is planning to expand its local operations after reeling in one of the biggest venture-capital deals in Florida so far this year.
Fueled by $50 million in new financing, Kony Inc. expects to add jobs in Orlando,...
| Jul 8, 2014
| 11:37 AM
A list of the world’s 100 largest banks is out, and the United States has only one representative in the top 10.
Topping the list is Industrial & Commercial Bank of China Ltd., with $3.174 trillion in assets, according to numbers released...
| Jul 14, 2014
| 6:39 PM
With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.
The government has...
| Jun 16, 2014
| 11:27 AM