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If you're concerned about corporate crime, 2012 looked like a pretty successful year for the good guys. The Thousand Oaks biotech giant Amgen paid $762 million in fines and penalties and pleaded guilty to a federal charge related to illegal marketing of...
CHARLOTTE, N.C. (AP) — Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion...
Tags: Mortgages, Finance, Freddie Mac, Fannie Mae, Charlotte
WASHINGTON -- The House Ethics Committee has found no rules violations by lawmakers and staffers who used a VIP loan program from Countrywide Financial Corp. saying the allegations of special treatment fell outside the panel's jurisdiction. The...
Remember when the investment world was abuzz with rumors that Bank of America Corp. might go under, despite a $45-billion bailout from the feds? Investors finally shrugged off any such remaining fears last year, bidding up shares in the Charlotte, N.C.,...
Tags: Bank of America Corp.
Stoked by government efforts to revive housing, sales of mortgage-backed securities rose in November to the highest level in nearly 3 1/2 years. Nearly $176 billion in bonds backed by fixed-rate home loans were issued in November, up from $132...
PolitiCalRep. Laura Richardson was among 12 representatives named to a watchdog group's list of 12 "most corrupt" members of Congress. Two other california congressmen received a "dishonorable mention."...
CNNThe Justice Department is seeking $1 billion from Bank of America, alleging the bank committed fraud by selling defective mortgages from a program it says was known within the bank as "the Hustle." Those mortgages were purchased by government-backed...
By the end of the year, Bank of America Corp. hopes to get rid of 16,000 jobs, close 200 branches and shrink its mortgage operation, according to a document sent to top management. The institution is accelerating its cost-cutting strategy, planning to...
Wells Fargo & Co. will offer $8.2 million in down payment assistance grants this month to almost 550 homebuyers in Chicago and 28 suburbs, the bank said Wednesday. The bank's CityLIFT program, announced at a news conference with officials from the...
Glass-Steagall wouldn’t have saved us from banking crisis To the editor: Allan Powell highlights one of economist Paul Krugman’s assertions that many of our current financial woes were caused by the repeal of the Glass-Steagall Act....
The Justice Department announced a fair-lending settlement with Wells Fargo & Co. on Thursday that will compensate tens of thousands of the bank's African-American and Hispanic borrowers who were allegedly steered into high-cost, subprime mortgages. A...
Baltimore's effort to recover millions of dollars in lost revenue stemming from the wave of home foreclosures that followed the collapse of the housing market in 2007 was vindicated Thursday when Wells Fargo Bank, the nation's largest mortgage lender,...
Jan 5, 2013 |Column| Los Angeles Times
Jan 7, 2013 |Story| Petoskey News
Dec 28, 2012 |Story| Los Angeles Times
Jan 4, 2013 |Story| Los Angeles Times
Dec 3, 2012 |Story| Los Angeles Times
Sep 12, 2012 | Los Angeles Times
Oct 24, 2012 |Story| KTLA-LTV
Sep 20, 2012 |Story| Los Angeles Times
Oct 3, 2012 |Story| Chicago Tribune
Aug 7, 2012 |Story| Herald Mail
Jul 12, 2012 |Story| Chicago Tribune
Jul 15, 2012 |Story| Baltimore Sun
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