| Jul 2, 2014
| 9:48 AM
WASHINGTON (Reuters) - Private sector trade finance has not fully recovered from its financial-crisis collapse, and it is not clear it could fill the gap if the U.S. state-run export lender closes.
Conservative U.S. lawmakers are clamoring to shutter the...
| 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....
| 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....
| May 9, 2014
| 3:05 PM
CROMWELL — We keep hearing about a strong economic recovery. It's out there somewhere, certainly in North Dakota, but not yet in Connecticut, at least not the kind of gains that can, say, easily get a governor re-elected.
But hang on, economists...
| May 14, 2014
| 10:49 AM
Most mortgage servicing companies are doing a better job of complying with new servicing rules but one company, Green Tree Servicing LLC, failed several tests and needs to make substantial improvements, according to a report issued Wednesday.
| 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...
| Feb 27, 2014
| 4:18 PM
Wells Fargo & Co. is slicing an additional 700 jobs from its mortgage operations, bringing staff reductions to about 7,000 -- nearly 12% of its home-lending workforce -- since last year, when rising interest rates ended a refinance boom.
| 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 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....