| 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...
| Sep 18, 2013
| 11:19 AM
WASHINGTON -- Federal Reserve policymakers unexpectedly voted Wednesday not to alter one of the central bank’s key economic stimulus programs.
The move defied market expectations that the Fed would begin tapering its monthly purchases of $85...
| 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...
| 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....
| 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...
| Jul 12, 2013
It's a good time to buy an expensive home.
Jumbo mortgage loans, which sizzled during the housing market's run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to...
| Aug 7, 2013
| 6:05 PM
JPMorgan Chase & Co. disclosed that it may become the latest giant bank to face a Justice Department lawsuit over bonds backed by housing-boom loans, and said a parallel criminal investigation is continuing.
Federal prosecutors believe that JPMorgan...
| 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,...
| May 19, 2013
| 7:00 AM
How do the wealthy stay wealthy? The mandatory financial disclosure released last week by commerce secretary nominee Penny Pritzker provides a rare look at an American billionaire's entire investment portfolio. Pritzker inherited much of her wealth,...
| Feb 14, 2013
| 4:26 AM
Here are the Top 3 Concerts of the Coming Week: 1. MUMFORD & SONS There’s a reason Mumford & Sons’ sophomore album, “Babel,” won this year’s Grammy Award for Best Album (one of two the group won from its six......
| 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...