| Jul 10, 2014
| 4:40 PM
No. 1 mortgage lender Wells Fargo & Co. kicked off the bank earnings season with a 3.8% increase in profit in a report that sent modestly positive signals about Main Street lending and the housing market.
Wells Fargo had second-quarter net income of $5....
| Jul 6, 2014
| 8:57 AM
The housing market's recovery has lost some of its frenzy, but dynamics still at work in the market — a lack of inventory, short market times and worries about mortgage qualifications — are creating opportunities for companies eager to capture...
| 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 22, 2014
| 5:20 AM
The following editorial appeared in the Pittsburgh Post-Gazette on Monday, July 21:
Last Monday, the Department of Justice announced a $7 billion settlement with Citigroup, the nation's third-largest bank, over a federal investigation into the bank's...
| Jul 28, 2014
| 1:11 PM
MetLife Inc. and a Norwegian bank announced Monday that they bought an office building at One Beacon Street in Boston for $561 million, the latest high-profile commercial-real-estate investment by the life insurer.
MetLife and Norges Bank Investment...
| Jul 11, 2014
| 6:18 PM
With solid quarterly results, Wells Fargo & Co. showed why it has become a darling of banking investors, but it also raised a crucial question:
How can the San Francisco financial giant continue its hot stock performance at a time when economic growth...
| 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 9, 2014
| 5:49 PM
California will share in the U.S. Justice Department's multibillion-dollar settlement with Citigroup Inc. over defective mortgage investments the Wall Street giant peddled during the housing boom, according to people briefed on the negotiations.
| Jul 15, 2014
Illinois will receive $84 million as part of a national $7 billion settlement resolving allegations by federal and state authorities that Citigroup Inc. sold risky mortgage-backed securities that harmed investors, which included pension systems and...
| Jul 14, 2014
| 6:39 PM
With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.
The government has...
| Jul 15, 2014
| 3:30 AM
Reports: June retail sales, import and export indexes, May business inventories, ICSC-Goldman Sachs and Redbook retail chain sales for period ending July 12
Local earnings: AAR Corp.
Other earnings: Goldman Sachs Group Inc,, JPMorgan Chase & Co.,...