| 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,...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 22, 2013
Two decades ago, he was one of three young traders who made $27 million in 22 days trading the stock of a bankrupt company on the Chicago Stock Exchange, becoming known as one of "the bad boys of arbitrage."
Assessing that deal, a federal appeals...
| Oct 11, 2013
| 4:42 PM
NEW YORK — The financial crisis has finally caught up with Jamie Dimon.
As leader of JPMorgan Chase & Co., he steered the nation's largest bank through the Wall Street collapse of 2008. At the prodding of panicked U.S. regulators, the mighty New...
| Dec 21, 2013
| 12:00 PM
Wells Fargo branch manager Rita Murillo came to dread the phone calls.
Regional bosses required hourly conferences on her Florida branch's progress toward daily quotas for opening accounts and selling customers extras such as overdraft protection....
| Apr 30, 2011
| 4:34 AM
Investigators said Elmer McGuirt robbed a Wachovia Bank in Tampa on Apr. 29th, reports The Tampa Tribune.
His getaway vehicle was less than ideal -- a Hillsborough Area Regional Transit bus.
While on the bus, the 27-year-old man began passing out...
| Aug 22, 2011
| 3:19 PM
If you are offered a short-term advance on your paycheck at a triple-digit interest rate, you might think you're being pitched a payday loan — a product that's basically banned in Maryland and other states with rate caps.
But what if that deal came...
| Jan 5, 2012
| 3:45 PM
Under an agreement announced Thursday by the Maryland Attorney General's Office, Wells Fargo has agreed to make loan modifications and pay nearly $1 million in restitution to customers of two lenders acquired by the bank.
The office's Consumer Protection...
| May 18, 2011
Jim Freedman and his partners have been here before.
"We call this Act Three," he told me one day recently from the Westside high-rise office of Intrepid Investment Bankers, his new firm devoted to mergers and acquisitions in the regional middle market...
| Dec 8, 2011
| 9:01 PM
COSTA MESA — For some 44 years, the Jordan family has crafted an elaborate Charlie Brown-themed Christmas display outside of their Costa Mesa home.
The doctor was in, with a Lucy cutout offering counseling. Charlie Brown and Sally clutched a...
| Jul 16, 2011
| 5:25 AM
What kind of world is it when you can't trust someone you met while serving time in the cooler?
The two men met in the Monroe County jail and became fast friends.
When Gregory Martin got out, he got in touch with his jail buddy, John Vogel, who lived in...