| Nov 26, 2013
| 8:48 AM
WASHINGTON -- Profits at the nation's banks fell 3.9% in the third quarter of 2013 compared with a year earlier, the first such decline since 2009, as the industry grappled with higher interest rates that led to a drop in mortgage activity, the Federal...
| Sep 6, 2013
| 9:38 AM
Citing a large drop-off in private student loan originations, a JPMorgan Chase & Co. spokeswoman confirmed Friday that the bank would stop issuing student loans Oct. 12.
"Over the last five years, students have increasingly relied on government-backed...
| Jan 3, 2014
| 7:00 AM
WASHINGTON -- Fannie Mae and Freddie Mac collected $7.9 billion from large financial institutions to settle suits over bad mortgage-backed securities purchased by the seized housing finance giants during the subprime housing boom, their federal regulator...
| Oct 21, 2013
| 2:39 PM
Some of the top employers looking to hire in Los Angeles include fast-food chain McDonald's and healthcare provider Kaiser Permanente.
That's according to a new report from job site SimplyHired.com, which took a look at the companies posting the most...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 19, 2013
| 12:07 PM
WASHINGTON -- JPMorgan Chase & Co. has agreed to pay $389 million in refunds and penalties for illegally charging credit card customers for identity theft protection and other add-on services they didn't receive or authorize, federal regulators said...
| Nov 19, 2013
| 12:36 PM
NEW YORK -- JPMorgan Chase & Co.'s historic $13-billion settlement with the federal government will pay down a major chunk of the bank's ballooning legal tab.
The Justice Department on Tuesday announced the widely expected settlement of faulty...
| Nov 20, 2013
| 9:59 AM
Investors shrugged at news of JPMorgan Chase's historic settlement with the federal and state agencies. Shares of the nation's largest bank were flat in mid-day trading Wednesday.
JPMorgan announced Tuesday that it had agreed to pay $13 billion in...
| Nov 25, 2013
| 10:06 AM
The stock market rally rolled on Monday, with the Nasdaq composite index crossing 4,000 for the first time since 2000.
Though it remains far below its all-time high, the technology-laden Nasdaq is up more than 32% this year, making it one of the best-...
| Dec 19, 2013
| 12:53 PM
The massive theft of payment card data from Target Corp. stores has renewed warnings that consumers are better protected from fraud by using credit cards instead of debit.
The advice was issued against a backdrop of banks and card companies rushing to...
| Jan 24, 2014
| 8:16 AM
WASHINGTON -- Atty. Gen. Eric H. Holder Jr. said Friday that no bank is "too big to indict" and that the Justice Department has more cases coming involving "significant financial institutions" as it continues to investigate Wall Street misconduct.