Buffett firm's 4Q up 49 pct. on paper gains
Warren Buffett's company reported a 49 percent surge in fourth-quarter profit because of a big paper gain on its investments and derivative contracts, ...
Warren Buffett releases annual letter on Friday
What will life be like without Warren Buffett? Berkshire Hathaway shareholders may have gotten a glimpse into that future. Most of Berkshire's deals ...
US 4Q bank earnings up 37 pct as lending rises
Profits at U.S. banks jumped almost 37 percent for the October-December period, reaching the highest level for a fourth quarter in six years as banks ...
5 big US banks have cut mortgage debt by $19B
Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided ...
Lender Processing paying $121M to resolve claims
One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on ...
HSBC to pay $249M to settle foreclosure-abuse case
British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been ...
Legal expenses drag down Citigroup 4Q earnings
Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
Taxpayers will ease banks' costs in mortgage deal
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many ...
Goldman, Morgan Stanley pay $557M in mortgage case
Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who ...
Banks say new agency's oversight is slow, costly
Bankers and financial industry leaders are criticizing the early efforts of the government's new consumer finance watchdog, saying a slow and ...
Stocks gain for second week, keeping S&P near high
Stocks gained for a second straight week as company earnings reports started to come in, keeping the Standard and Poor's 500 index within a fraction ...
Wells Fargo nets record profit, but mortgages slow
Wells Fargo, the country's biggest mortgage lender, reported record earnings for the fourth quarter on Friday, beating analysts' expectations for both ...
Stocks open lower; S&P 500 eases below 5-year high
Stocks are opening slightly lower on Wall Street, pulling the Standard & Poor's 500 index below a five-year high it reached the day before. The Dow ...
Banks prepare for earnings; mortgages cast a pall
Legal troubles and regulatory scuffles keep piling up for the banking industry, a fact that's sure to drag down results when the banks start reporting ...
US banks to pay $8.5B in mortgage settlement
Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting ...
10 banks agree to pay $8.5B for foreclosure abuse
Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been ...
Fewer US banks failing as industry strengthens
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008.
Berkshire Hathaway sells 2 short-line railroads
Warren Buffett's company has sold two short-line railroads it recently discovered it owned to satisfy regulators who might have reviewed Berkshire ...
Ga. counties sue HSBC claiming loss of tax base
Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and ...
A look at bank scandals since the financial crisis
Swiss bank UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global ...
Stocks move higher as budget talks progress
Stocks rose on Wall Street as investors were encouraged by signs of progress in budget talks in Washington. Just two weeks remain before tax increases ...
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