| Jan 15, 2014
| 4:28 PM
A Los Angeles city councilman called Wednesday for his colleagues to explore ways of punishing banking giant JPMorgan Chase & Co. for engaging in financial misconduct, possibly by terminating the company's contracts with the city.
| Jan 15, 2014
| 5:17 PM
NEW YORK — Bank of America Corp.'s fourth-quarter profit surged as the financial giant continued to work through its hangover from the housing meltdown.
The Charlotte, N.C., bank Wednesday reported net income of $3.4 billion, or 29 cents a share,...
| Jan 14, 2014
| 6:44 PM
NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank.
After weathering a barrage of legal and regulatory assaults in 2013, the...
| Jan 3, 2014
| 4:55 PM
The economy is likely to continue dragging in a slow recovery this year, the president of the Federal Reserve Bank of Richmond told a Maryland bankers group Friday.
The economy will grow an estimated 2 percent to 2.25 percent, about the same as since the...
| Jan 9, 2014
| 6:00 AM
Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money.
Bank credit-card delinquencies...
| Jan 13, 2014
| 2:30 AM
Kiplinger's Personal Finance
Low yields combined with talk of the Federal Reserve scaling back its easy-money policies have left bond investors with a big headache. So it's no surprise that investment firms are rolling out short-term high-yield bond...
| Jan 14, 2014
| 10:56 AM
Despite a sharp downturn in its market-leading mortgage business, Wells Fargo & Co. reported a 10% improvement in fourth-quarter earnings as loan losses declined and the San Francisco bank collected higher fees in other businesses.
Wells, which wrote...
| Dec 29, 2013
| 4:22 AM
The best concerts of 2013 for the Lehigh Valley and Philadelphia region saw a resurgence and resilience of older acts. They saw the emergence of new acts. They took place in venues large and small, venerable and very new, near......
| Dec 17, 2013
| 2:09 PM
Starting next month, about 130,000 Orlando-area homeowners with "underwater" mortgages are likely to face a new tax bill if they sell their house, modify their mortgage or lose their home in foreclosure.
A 2007 federal law that waived income taxes on...
| 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 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...