| Oct 29, 2013
| 5:00 AM
WASHINGTON — The Federal Reserve has taken unprecedented steps to stimulate the economic recovery from the Great Recession, but the tab has risen to such tremendous proportions — fast approaching $4 trillion — that some worry the central...
| Oct 30, 2013
JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
| Nov 4, 2013
| 6:04 PM
NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading.
SAC Capital Advisors becomes the first...
| Jul 22, 2013
| 7:25 AM
WASHINGTON -- UBS said Monday it agreed to settle a lawsuit brought by U.S. regulators alleging the Swiss banking giant misrepresented mortgage-backed securities sold to Fannie Mae and Freddie Mac in the years leading up to the subprime-loan meltdown....
| Jan 7, 2013
| 4:18 PM
To mark his 30th birthday, Patrick McAuliffe made it his goal to attend every Ravens game this season. So when he saw the preliminary NFL playoff schedule last week and figured the Ravens might end up playing the Broncos in the second round, he booked a...
| Jan 24, 2013
| 11:05 AM
A prominent Chicago business leader who founded one of the nation’s largest discount futures brokerages has died.
Barry Lind, of Winnetka, died in a California emergency room early this morning after he was struck by a car in Rancho Mirage...
| Aug 4, 2013
| 5:52 PM
Dale Rech, an avid USC football fan who lives in Florida, decided a few years ago that he wanted to attend USC's game at Notre Dame. Rech dived into the secondary ticket market, choosing StubHub. He was willing to pay a premium.
"The seat I ended up...
| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...
| Aug 14, 2013
| 5:15 PM
NEW YORK — The bank's infamous "London whale" trades involved complex financial products, but prosecutors alleged that a cover-up by former JPMorgan Chase & Co. employees involved simple lies.
The accusation was part of criminal charges filed...
| Feb 5, 2013
| 12:40 PM
The Justice Department is accusing Standard & Poor's of defrauding investors with optimistic ratings of mortgage-backed securities and derivatives prior to the financial crisis. While investors are entitled to answers about those conflicts, compensation...
| Sep 6, 2013
| 9:29 PM
Everybody wants to see the perpetrators of the financial crisis punished, but you have to feel a little sorry for Standard & Poor's, the credit rating firm being sued by the federal government for its role in the disaster.
S&P clearly has its back to...