| Jul 15, 2014
| 6:12 PM
Banks are paying enormous amounts to settle cases stemming from bad mortgages, but investors in Wall Street's heavy hitters are looking at different numbers — and they like what they see.
An index of bank stocks climbed 1.3% on Tuesday after...
| Jul 16, 2014
| 9:29 AM
Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas.
Bank of America said...
| Jul 1, 2014
| 10:52 PM
NEW YORK - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said he has been diagnosed with curable throat cancer and he plans to remain actively involved in the largest U.S. bank's business.
In a memo to the bank's employees and shareholders...
| 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.
| 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...
| 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....
| Jun 10, 2014
| 10:12 AM
The 10 highest-paid U.S. bank CEOs include top managers at Wells Fargo & Co., Capital One Financial Corp. and … FirstMerit Corp.?
Topping the list assembled by SNL Financial was John Stumpf of Wells Fargo, whose total compensation in 2013 was $19....
| Jun 18, 2014
| 1:10 PM
JPMorgan Chase, Chicago’s biggest bank, said it has hired former U.S. Rep. Melissa Bean as chair of its Midwest business, replacing former United Airlines CEO Glenn Tilton.
Bean’s duties will include recruiting employees in the region,...
| Jun 19, 2014
| 9:09 PM
The number of Chicago-area jobs with foreign-owned companies has grown 40 percent in a generation, from 1991 to 2011, but the pace of this rise has slowed over the past decade, according to a report released Friday by a Washington think tank.
| Jul 1, 2014
| 5:46 PM
Jamie Dimon, chairman and chief executive of banking giant JPMorgan Chase & Co., revealed Tuesday that he has been diagnosed with throat cancer.
In a memo to JPMorgan employees and shareholders, Dimon, 58, called his prognosis excellent and the cancer...
| Feb 25, 2014
| 8:33 AM
JPMorgan Chase & Co. announced plans Tuesday to cut 8,000 positions, more than previously forecast, as fewer Americans refinance their mortgages because of rising interest rates.
The cuts will hit its mortgage and retail banking businesses, according to...