WILMINGTON, Del. — Washington Mutual Inc. has reached an agreement with dissident creditors that could pave the way for approval of its latest bankruptcy reorganization plan. A hearing in WaMu’s bankruptcy was delayed several hours Thursday as attorneys hammered out ...Read More »
Maryland stands to receive between $895 million and $959 million in benefits under a pending multibillion-dollar nationwide settlement with the five largest mortgage lenders over alleged foreclosure abuses, Attorney General Douglas F. Gansler said Wednesday. Gansler joined the ranks of ...
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WASHINGTON — California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 ...Read More »
WASHINGTON — The nation’s five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent ...Read More »
NEW YORK — In a sign that banks will continue to be punished for past mistakes, JPMorgan Chase set aside a large sum to fight lawsuits related to poorly-written mortgages during the real estate boom. The reserves hurt the bank’s ...Read More »
NEW YORK — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on ...
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NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect ...Read More »
WASHINGTON — Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the ...Read More »
NEW YORK — SunTrust Banks Inc. said on Monday it will stop charging a $5-per-month fee for using debit cards and return the fees it’s collected since June to its customers. The Atlanta-based bank followed larger rivals like Chase and ...Read More »
WASHINGTON — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the ...Read More »