| Dec 20, 2013
In the historic Golden Dome field house in Garfield Park, bank executives and charity leaders gathered in August to trade hugs and self-congratulatory speeches.
Nonprofit groups on the West Side were helping restore communities by renovating homes...
| 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...
| Oct 3, 2013
| 7:59 AM
WASHINGTON -- A federal government default caused by a failure to raise the debt limit could trigger a worse financial crisis than in 2008, the Treasury Department said Thursday in a report designed to pressure Congress to act before the Oct. 17 deadline....
| 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 13, 2013
| 11:55 AM
A new stock index was launched Wednesday to help investors keep track of the investing strategies of some of the smartest minds on Wall Street.
The iBillionaire index lists 30 large-cap stocks owned by billionaire investors, including Warren Buffett,...
| Dec 6, 2013
| 10:32 AM
Bank of America Merrill Lynch's head of currency research says that bitcoin, the unregulated digital currency, may emerge as a serious competitor to traditional money-transfer providers, and he has identified a fair value for the burgeoning currency.
| Sep 19, 2013
| 12:16 PM
Not only do women face a gender gap when it comes to compensation, they lack confidence about investing the money they do earn, a new study has found.
The study, funded by Wells Fargo & Co. and released Thursday, found that 41% of affluent women were...
| Sep 3, 2013
| 7:10 AM
Three office buildings in Mission Viejo and Newport Beach have sold in two transactions that, combined, industry observers valued at more than $90 million as investor demand for Orange County commercial properties heats up.
The sales to large national...
| Dec 4, 2013
| 9:36 AM
Three of the nation's largest banks are not fully complying with new standards for dealing with mortgage customers that were agreed to as part of a $25-billion settlement of foreclosure abuse allegations, the settlement's monitor said Wednesday.
| Dec 28, 2013
| 7:39 AM
A Times investigation into the intense sales culture at Wells Fargo Bank, published in Sunday's newspaper, has drawn strong reaction from the bank's customers and employees. Many related experiences similar to those described in the story.