Active exchange-traded funds — a sort of hybrid between a regular ETF and a mutual fund — were supposed to give investors the best of both worlds. But these newfangled ETFs have so struggled to find their place. Some pros, ho…
The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called “stre…
Despite a market meltdown, the men and women of Congress posted a 16% gain collectively between 2008 to 2009, according to a study by the Center for Responsive Politics. Another finding: virtually half of Congressional members …
Executives from the mortgage servicing industry testify before the Senate today, and they’ll try to save face by apologizing for their industry’s role in the foreclosure mess. But don’t believe the hype.
Contin…
Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…