| Feb 10, 2014
| 11:28 AM
WASHINGTON -- A public interest group on Monday sued the Justice Department over last year’s record $13-billion settlement with JPMorgan Chase & Co., arguing the deal to resolve investigations into faulty mortgage investments was unconstitutional...
| Feb 24, 2014
| 3:30 PM
Former Federal Reserve Chairman Ben S. Bernanke first gained prominence writing about the Great Depression. Now he plans a memoir to defend how he and other officials battled the biggest crisis and economic downturn since then.
“I'd like to be...
| Mar 12, 2014
| 8:17 AM
Wall Street bonuses grew an estimated 15% in 2013, swelling to an average $164,530, the third-highest amount on record, the New York comptroller's office reported Wednesday.
Firms will pay out an estimated $26.7 billion in bonuses to their employees for...
| Feb 3, 2014
| 2:14 PM
NEW YORK -- Fresh doubts over the U.S. economic recovery pushed the stock market closer to a long-awaited correction as investors worried about global growth.
The Dow Jones industrial average plummeted 326 points on Monday as the index of blue-chip...
| Feb 21, 2014
| 8:24 AM
WASHINGTON -- The Federal Reserve on Friday released transcripts of its 2008 meetings when central bank policymakers were grappling with the financial crisis.
The transcripts from official Federal Open Market Committee sessions are made public after...
| 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...
| Mar 26, 2014
| 8:48 AM
Shares of King Digital Entertainment, the maker of the addictive Candy Crush game, tumbled Wednesday in their first day of trading on Wall Street.
The stock, priced at $22.50 a share in its initial public offering late Tuesday, began trading...
| Mar 11, 2014
| 10:48 AM
WASHINGTON -- Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward Tuesday as key senators announced bipartisan agreement on a plan to overhaul the housing finance system.
The proposal, which will be...
| Mar 13, 2014
| 11:49 AM
There are more millionaires in the United States than ever before.
The number of households with net worth of $1 million or more, excluding their homes, is at a record 9.63 million, according to a new report.
That eclipses the old mark of 9.2...
| Mar 19, 2014
| 6:07 AM
WASHINGTON -- Janet L. Yellen, who broke the Federal Reserve's glass ceiling, marks two more milestones Wednesday, wrapping up her initial policymaking meeting as chairwoman then facing reporters' questions for the first time since taking office last...
| Mar 26, 2014
| 1:39 PM
WASHINGTON -- The Federal Reserve said Wednesday it rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after annual stress tests.
Those tests raised questions about weaknesses in the risk-planning...