| Feb 26, 2015
| 7:03 AM
CIT Group's $3.4-billion takeover of Pasadena's OneWest Bank will come under scrutiny today at a public-benefit hearing called by U.S. bank regulators.
The Federal Reserve and the Office of the Comptroller of the Currency scheduled the hearing at the...
| Feb 6, 2015
| 1:25 PM
Bank regulators will hold a public hearing later this month in Los Angeles on the planned $3.4-billion takeover of OneWest Bank in Pasadena, rejecting efforts by its chief executive to win approval without such an inquiry.
The decision, announced...
| Feb 6, 2015
| 5:48 PM
Rejecting an unusual email campaign fomented by a top bank officer, regulators decided to hold a public hearing later this month in Los Angeles on the planned $3.4-billion takeover of OneWest Bank in Pasadena.
The decision, announced Friday, came one...
| Feb 2, 2015
| 6:45 PM
The power of nonprofit foundations to change state law was exemplified by the bankrolling of Proposition 47, a $9.5-million campaign that reduced drug possession and minor theft charges to misdemeanors. By contrast, opponents reported spending a total of...
| Feb 3, 2015
| 6:09 PM
Facing few serious challenges for statewide posts in last year's election, many California politicians were free to make financial decisions with an eye toward the future, final campaign reports show.
John Chiang had token opposition in his race for...
| Jan 28, 2015
| 6:02 PM
The protesters outside OneWest Bank in Pasadena rankled Chief Executive Joseph Otting.
Their signs — "Don't be a Grinch" and "Jail OneWest Bankers" — were part of a push to have regulators scrutinize the $3.4-billion purchase of the bank...
| Dec 15, 2014
| 7:11 PM
National business banking lender CIT Group Inc. stands to collect more than $1.4 billion from federal regulators to cover future losses should its purchase of OneWest Bank in Pasadena be approved.
News of the loss coverage, part of a Freedom of...
| Dec 8, 2014
| 4:16 PM
In the realm of fixed-income investments, dethroned Pimco bond king Bill Gross still commands a healthy measure of respect as he settles in at a freewheeling Janus Capital mutual fund.
The Janus Global Unconstrained Bond Fund had just $12 million in...
| Oct 31, 2014
| 8:40 PM
TALLAHASSEE -- The Florida GOP raised more than $65.2 million over the last two months, including more than $12 million collected from Gov. Rick Scott's personal wealth.
The Republican Party of Florida disclosed its final fund-raising figures late...
| Nov 1, 2014
| 5:00 AM
The statewide initiative on Tuesday's ballot to reduce penalties for illicit drug use and petty theft is part of a multimillion-dollar campaign to revise sentencing laws in California and across the nation.
Five major foundations, headlined by a...
| Oct 14, 2014
| 5:00 AM
Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers....