U.S. banks have taken another step to clear away the wreckage of the 2008 financial crisis. JPMorgan Chase, Bank of America, Wells Fargo and seven other banks have agreed to pay $8.5 billion to homeowners who were wrongfully thrown out of their homes.
WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
(AP) — Some of the nation’s biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy. It’s an effort to ease pressure […]
WASHINGTON (AP) – Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that’s slowing the U.S. economy. A fourth straight month of lackluster corporate spending led many […]
LONDON (AP) – U.S. banks have been buffeted by more than week of powerful cyberattacks whose perpetrators remain unknown. A series of American financial institutions have experienced disruptions after their sites were overwhelmed by unusually […]
FOLSOM, Calif. (AP) – Federal regulators have intensified an investigation into JPMorgan Chase & Co. electricity trading in California. The California Independent System Operator, a Folsom-based agency that runs the state’s power grid and oversees […]
UNDATED (AP) – There’s a warning today about possible cyber-attacks on banks. A financial services security group says it has raised its threat level to “high” based on what it describes as “recent credible […]