| 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...
| 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,...
| Jun 7, 2013
| 11:16 AM
A bipartisan Senate effort to shut down Fannie Mae and Freddie Mac could curtail Wells Fargo & Co.’s enormous home lending business by restricting the bank’s ability to issue certain mortgage-backed securities.
The proposal, spearheaded by...
| 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,...
| Apr 4, 2013
| 4:24 AM
Here are the Top 3 Concerts of the Coming Week. 1 . FLEETWOOD MAC As recently as April 2012, Fleetwood Mac drummer Mick Fleetwood was expressing doubt the band would ever reunite for a tour, and with both Stevie Nicks......
| 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...
| Mar 22, 2013
| 3:22 PM
One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the...