| Jan 26, 2015
| 6:39 PM
Royal Bank of Canada's purchase of City National Corp., the priciest bank deal since the financial crisis, will create major expansion opportunities for the L.A. banking firm's key businesses — wealth management, entertainment services, private...
| Feb 3, 2015
After more than 30 years working in Chicago as Warren Buffett's stockbroker, Citigroup Managing Director John Freund is retiring from the bank at the end of March, the company said.
Freund, 69, managed to make big headlines only once: For altering the...
| Feb 2, 2015
| 8:52 PM
In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank.
The reason? S&P's credit standards were too high, an...
| Feb 3, 2015
| 9:48 AM
Ending one the most contentious cases of the post-crisis era, Standard & Poor's Financial Services agreed to settle government allegations that it misled investors with rosy credit ratings on billions of dollars of mortgage securities during the run-up to...
| Feb 3, 2015
| 3:18 PM
As an interesting coda to the most thrilling Super Bowl in recent years, I'd like to point to an unintentionally hilarious article at ESPN.com about the travails of ticket brokers who were unable to fulfill customer orders for the event.
| Feb 4, 2015
| 7:35 PM
The nation's richest public pension fund was a big winner in the settlement with Standard & Poor's Financial Services over its ratings on mortgage-backed securities lawsuits.
But that doesn't mean that the California Public Employees' Retirement System,...
| Feb 5, 2015
| 2:15 PM
The CME Group's announcement late Wednesday afternoon to close most of its futures trading pits in Chicago and New York evoked a wave of nostalgia.
Paul R.T. Johnson Jr., a former director at the Chicago Board of Trade, spoke fondly of the days when the...
| Jan 6, 2015
| 9:31 AM
NEW YORK (AP) — U.S. stocks fell on Tuesday, extending a decline after a big slump on Monday. The price of oil continued to slide and bonds rallied, pushing the yield on the 10-year Treasury note below 2 percent.
Investors also had some downbeat...
| Sep 4, 2014
| 3:31 PM
WASHINGTON — Insurer MetLife said it is exploring ways to fight the U.S. government's proposal on Thursday to deem it "systemically important" and subject it to stronger regulatory oversight.
MetLife is the third insurer to be tapped for such a...
| Nov 14, 2014
| 4:00 PM
Tribune Media plans to trade on the New York Stock Exchange under the symbol TRCO, according to a filing with the Securities and Exchange Commission on Friday.
The amendment to the Form 10 registration, which was initially filed in September, includes...
| Sep 22, 2014
| 2:30 AM
Veteran fund manager Bill Nygren co-manages three Oakmark funds: Oakmark Fund, Oakmark Select and Oakmark Global Select. He looks for growing businesses whose stocks trade for less than he thinks a company is worth and that are run by executives who put...