Feb 4, 2013 Reports say the U.S. Department of Justice is preparing to bring civil charges against the credit ratings agency Standard & Poor's for their part in the financial crisis of 2008. Better late than never?
Jan 28, 2013 The housing crash not only touched off a wave of foreclosures, it torpedoed property values and the taxes cities and counties collect off them. But some localities are fighting back in an effort to reverse their budget shortfalls.
Jan 21, 2013 Martin Luther King, Jr.’s old Atlanta neighborhood, Sweet Auburn, was once one of the more prosperous African-American neighborhoods, but it has since fallen on hard times. Now it is trying to make a comeback.
Jan 7, 2013 In a costly day of legal settlements, 10 banks agree to pay $8.5 billion to four million homeowners for mishandling their foreclosures.
Jan 7, 2013 Regulators in Basel have decided riskier assets can be used as part of a bank's emergency buffer.
Dec 11, 2012 The British bank HSBC is to pay almost $2 billion to U.S. authorities to settle a case over money-laundering and sanctions busting. The penalty is the biggest in the history of U.S. banking regulation.
Dec 10, 2012 Hedge funds and private-equity funds are buying up hundreds of foreclosed homes at a time, turning them into rentals, crowding out first-time home buyers looking for bargains.
Dec 7, 2012 Fannie Mae, Freddie Mac and some big banks will halt evictions from foreclosed homes during the holidays. Is this altruism or a publicity stunt?
Oct 9, 2012 Gulf Coast insurance premiums have skyrocketed in recent years, and homeowners advocates say they're seeing people at risk of going into foreclosure because they can't afford their mortgage plus their insurance.
Sep 25, 2012 It may be too early to assign blame for Europe's economic crisis, but it is not too early to figure out what went wrong in this country back in 2008. Sheila Bair headed the FDIC back then, and is out with a new book this morning, in which she says she saw signs of trouble in subprime mortgages way back in 2006.