Financial Services

NEW YORK - In the first significant shareholder settlement since Enron Corp. collapsed more than three years ago, Citigroup Inc. has agreed to pay $2 billion to investors who accused the bank of aiding Enron in its huge accounting scandal by selling the...

Don't be surprised if a lender wants to know if you pay your rent on time or bounce checks before it will let you borrow money. For many years, loan approvals were determined largely by borrowers' credit scores, which are based on proprietary formulas...

Could the controversial appraisal system imposed nationwide by mortgage giants Fannie Mae and Freddie Mac in May -- and now tied to lowball property valuations, busted home sale transactions and higher fees to consumers -- be on its way out? It just...

A list of the Sept. 11, 2001, attack victims from data compiled by the National September 11 Memorial & Museum. The overall death toll from the attacks stands at 2,977 -- including 2,753 killed as a result of the attacks at the World Trade Center, 184...

Check out which insurers have the most policies in your county, their contact information and a comparison of their rates for two particular types of homes at the state's Shop and Compare Rates website, shopandcomparerates.com. Try the state's free...

The Obama administration today announced it has given approval to 10 of the nation's largest banks to repay $68 billion in government bailout money they have received to stabilize the financial system. "These repayments are an encouraging sign of...

WASHINGTON - Obama administration officials expressed concerns today about California's request for federal intervention in its budget crisis, and even the state's own Congressional delegation is split on the issue. The state has asked the administration...

Auto leasing, a casualty of the economic crisis, is making a comeback. So far this year, almost one in five vehicles, 19 percent, are leased rather than purchased, according to figures from J.D. Power & Associates. In fact, the number of lease deals...

When Anthony Cosgrove left a job with a small Connecticut payroll company in 2005, he left his 401(k) retirement account behind to avoid a tax liability for a loan he had taken out against his savings. Soon after, the company, Abacus Payroll Systems Inc....

The newest bank branch in Chicago is offering a smoothie with that savings account. To bring in new customers, an orange-saturated ING Direct Cafe will soon open at the southwest corner of Chestnut and Wabash Streets in what will be the fifth U.S....

When Charline Pillinger thinks about the cozy twin home in North Catasauqua she bought two years ago, she finds it hard to believe how quickly her little bit of the American dream turned into a nightmare. Pillinger, a dental assistant, and boyfriend...

Citigroup: 70,000. Wachovia: 10,000. Merrill Lynch: 5,100. Some of the biggest names in finance have been forced to shed thousands of jobs from their banking, mortgage and brokerage arms amid the economic calamity roiling the world's markets. Even...