Tuesday, December 12, 2017

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Four banks fined over $5 billion for rigging markets

Four global banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the world's currency market, the first...

If your money safe from hackers?

Hackers stole personal information from millions of JPMorgan Chase customers this summer, in one of the biggest breaches of a financial company. The bank says...

JPMorgan Chase will pay $13 billion settlement in mortgage case

A person familiar with negotiations between the federal government and JPMorgan Chase & Co. says the bank has tentatively agreed to pay $13 billion...

Meet the new boss, not the same as the old boss

Overhauling his team at the top, President Barack Obama on Thursday named banker and seasoned political fighter William Daley as his new chief of...

A&P files for bankruptcy

The Great Atlantic & Pacific Tea Co., once the nation's largest grocer, has filed for Chapter 11 bankruptcy protection as it struggles with enormous...

Banks face Congressional wrath over foreclosures

Banks under fire over their foreclosure practices face twin hearings in Congress this week, at which they will come under renewed pressure to find...

Foreclosures drop 9 percent in October

The number of U.S. homes repossessed by lenders last month fell by the sharpest margin this year, as several major lenders temporarily halted most...

That dream home you bought in foreclosure might not be yours

It seemed too good to be true: You bought a house in foreclosure at a fraction of the former price. Maybe you even knocked...

White House hedges on foreclosure moratorium

A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama...

Foreclosure fury: Obama sends bill back to Congress

President Barack Obama killed proposed legislation on Thursday that struck at the heart of growing political rage over how banks have moved to evict...