| Apr 16, 2014
| 8:11 AM
Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply.
The quarterly loss, its first in 2½ years, came despite lower loan losses and better than expected results in...
| Apr 29, 2014
| 8:01 AM
You can move your shareholder meeting out of California, but you can't stop protesters from following.
Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting....
| Mar 24, 2014
| 7:01 PM
With city budget managers intent on limiting new spending and reining in employee benefits, a coalition of union and political groups is fighting back with a report that suggests Los Angeles City Hall is spending too much on Wall Street and not enough...
| Mar 13, 2014
| 1:37 PM
OK, so what's the story on the sudden surge of banks in our town?
Big, hairy ones. The ones we bailed out after they caused the crash and who thanked us by collectively growing 30% bigger and gobbling up the weak.
Four new banks have come to town...
| Mar 26, 2014
| 6:14 PM
Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.
The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...
| May 1, 2014
| 9:47 AM
MB Financial Inc., which last July announced plans to buy Cole Taylor Bank, saw the happiness of its customers plummet in J.D. Power’s latest U.S. retail banking satisfaction study.
The company’s MB Financial Bank unit, based in Chicago, had...
| Apr 7, 2014
| 2:28 PM
A “model block” in Boynton Beach received a large donation on Monday. Wells Fargo Community Bank presented two checks totaling $458,000 to the Boynton Beach Faith Based Community Development Corporation and the Neighborhood Renaissance...
| Apr 11, 2014
| 3:30 AM
Reports: March PPI, University of Michigan consumer sentiment for April
Local earnings: Enable Holdings Inc.
Other earnings: Fastenal Co., JPMorgan Chase & Co., Wells Fargo & Co. at others
| Apr 14, 2014
The billboard seen by thousands of motorists on the Stevenson Expressway speaks volumes about Victor F. Ciardelli III's ambition as founder, president and CEO of Guaranteed Rate Inc.
It doesn't advertise mortgage rates, although company billboards...
| Apr 14, 2014
| 6:28 AM
TIAA-CREF plans to buy Chicago-based Nuveen Investments for $6.25 billion, a deal that gives local private equity firm Madison Dearborn Partners the chance to at least break even on a transaction it made in 2007 at the height of the buyout boom.
| Mar 19, 2014
| 4:22 PM
At 11 a.m. Thursday, all the speculation about who the musical act to play Allentown’s PPL Center arena will be over. Comcast-Spectacor, a subsidiary Global Spectrum, is scheduled to have a news conference to announce the opening act and opening.......