Several big banks have admitted that their employees routinely sign scads of foreclosure documents without verifying their information. Wells Fargo and CitiMortgage have denied engaging in similar practices. Yet new evidence sh…
Further monetary action by the Fed may be warranted because of high unemployment rates and low inflation, said Federal Reserve Bank of New York President William Dudley during a speech Friday at the Society of American Business…
Officially, Europe’s fiscal health is on the mend, but each time the Continent’s debt crisis is declared history, some ugly financial news quickly emerges to undercut those claims. Indeed, the real eurozone meltdown may still …
After countless angry political speeches and the threat of economic collapse, the government’s $700 billion bailout of banks, insurance companies and auto companies draws to a close Sunday – and it will likely cost only a fraction of what was expected….
General Motors will once again have its own in-house financing unit starting Friday, when the auto giant closes on its $3.5 billion purchase of AmeriCredit. The new unit, to be renamed General Motors Financial, will allow GM to…