| Mar 18, 2014
| 9:09 AM
Hertz Corp. said it will spin off its equipment-leasing unit into a separate publicly traded company, a move that will allow it to concentrate on renting cars.
The two new companies will be Hertz, which operates the Hertz, Dollar and Thrifty car...
| Mar 18, 2014
| 2:08 PM
Five huge lenders that signed a landmark 2012 settlement over foreclosure abuses have completed their obligation to provide billions of dollars in relief to troubled borrowers, according to the former bank regulator assigned to monitor their compliance....
| Mar 20, 2014
| 1:30 PM
WASHINGTON -- Only one of the nation's 30 largest banks would not be able to withstand a severe recession and the firms collectively are in better financial position to handle economic shocks than five years ago, according to Federal Reserve stress test...
| Mar 24, 2014
| 8:35 AM
Mortgage-related firings totaled nearly 22,000 in the fourth quarter of 2013, the highest level in six years, according to a tally by Mortgage Daily.
The trade publication reported Monday that it counted about 3,000 new jobs added to the home lending...
| Mar 10, 2014
| 10:54 AM
New York's banking regulator, Benjamin Lawsky, has ticked off the financial sector and even his fellow regulators by being, well, zealous in his job. Now he's taking aim at one of the most cherished practices in the regulatory biz: disciplining...
| May 27, 2014
| 5:00 AM
Congressional action to raise the minimum wage may have stalled, but a grass-roots campaign to lift basic pay is picking up steam at city halls and state legislatures — and probably heading to ballot boxes in the Bay Area.
| May 30, 2014
| 2:04 PM
The city of Los Angeles accused JPMorgan Chase & Co. of steering minority borrowers into risky home loans they couldn’t afford, triggering a foreclosure wave that hammered property values and city coffers.
In a lawsuit filed Friday in U.S....
| Jul 14, 2014
| 8:12 AM
Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
| Jul 20, 2014
| 9:51 PM
What do Microsoft Corp., the Chinese e-commerce giant Alibaba Group and JPMorgan Chase & Co. have in common?
All turned to CBRE Group Inc., based in Los Angeles, to handle global and U.S. office space needs.
CBRE is the world's largest commercial real...
| Jul 4, 2014
In River Forest, Patty Baker pulled up a chair to a desk off her kitchen and reached for her keyboard. In Delray Beach, Fla., Jane Allen closed the door of her home office, which overlooks two palm trees, and sat in front of her desktop computer. In...
| Jul 8, 2014
| 11:37 AM
A list of the world’s 100 largest banks is out, and the United States has only one representative in the top 10.
Topping the list is Industrial & Commercial Bank of China Ltd., with $3.174 trillion in assets, according to numbers released...