An international banking case in which Baltimore seeks to recover millions of dollars in alleged overpayments is on appeal to the U.S. Supreme Court.

Tagged with: antitrust Banking collusion financial crisis municipal investment personal jurisdiction Supreme Court unjust enrichment

OMAHA, Neb. — Warren Buffett’s company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc. won’t even have to part with any cash to do so. Berkshire and Goldman ...

Tagged with: bank Banks Business Economy financial crisis goldman sachs Goldman Sachs Group Inc. investment Stocks warren buffett

WASHINGTON — Standard & Poor’s says the government plans to file a civil lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage debt securities that later plunged in value and fueled the 2008 financial crisis. S&P ...

Tagged with: department of justice Economy financial crisis Law lawsuit legal news mortgage mortgages Real Estate standard & poor's

WASHINGTON — Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis. In the lawsuit, shareholders alleged that Bank of ...

Tagged with: Bank of America Banks class-action lawsuit countrywide financial crisis lawsuit lehman brothers litigation merrill lynch Settlement U.S. District Court

NEW YORK — Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank’s growing problems before the financial crisis. The bank denied the allegations Wednesday, but said it agreed ...

Tagged with: Banks citi citigroup federal reserve financial crisis lawsuit losses shareholders

NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered ...

Tagged with: Banks barclays citigroup facebook financial crisis goldman sachs interest rate JPMorgan Chase moody's morgan stanley revenue wall street

NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed. ...

Tagged with: Banks executives federal reserve financial crisis jamie dimon JPMorgan Chase regulation resignation trading volcker rule wall street

NEW YORK — Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis. Because Bank of America serves ...

Tagged with: Bank of America Banks customers debt earnings financial crisis households JPMorgan Chase loans losses Real Estate wells fargo

WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to ...

Tagged with: american international group bailout Ben Bernanke Economy federal reserve financial crisis

WASHINGTON — In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years. ...

Tagged with: construction debt Economy employees europe federal reserve financial crisis hiring job market jobs Labor Department pay recovery Unemployment unemployment rate united states