| Apr 28, 2014
| 8:40 AM
The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case.
On Monday a second distribution of $5.6 million...
| Feb 25, 2014
| 4:44 PM
Sarah Westgate has two very important jobs.
She's an operations assistant for American Bank in South Whitehall Township.
And she's mom to 10-year-old Ashley.
Because of the flexibility she's afforded at American Bank, she can balance both.
| Mar 5, 2014
| 10:55 AM
The shuttered landmark New Regal Theater in the South Shore neighborhood has been sold to a Chicago group.
Community Capital Investment, LLC bought the property for $100,000 from the Federal Deposit Insurance Corp. last month, according to the FDIC....
| Aug 21, 2013
| 1:48 PM
The New Regal Theater, a historic landmark on Chicago’s South Side and in the past one of the city’s most important centers for African-American entertainment, has a pending contract, spokesman Greg Hernandez for the Federal Deposit...
| Aug 29, 2013
| 8:23 AM
WASHINGTON -- The nation's banks posted a record $42.2-billion profit in the second quarter as the improving housing market allowed them to set aside less money for losses on mortgages and other loans, the Federal Deposit Insurance Corp. said Thursday....
| Dec 10, 2013
| 6:44 AM
WASHINGTON -- Federal regulators on Tuesday unveiled the final version of a rule designed to prevent federally insured banks from engaging in risky trading of stocks and securities, moving to put in place a key regulation called for in the 2010...
| Dec 24, 2013
| 8:54 AM
Three American Express Co. subsidiaries have agreed to pay about $75 million in restitution and penalties for a variety of illegal practices involving hundreds of thousands of credit-card customers, regulators said Tuesday.
American Express Travel...
| Sep 16, 2013
| 7:27 AM
WASHINGTON -- With Lawrence H. Summers removing himself from consideration to be the next Federal Reserve chairman, Janet L. Yellen becomes the acknowledged front-runner for the vital economic policy position.
But President Obama still could go...
| Nov 19, 2013
| 2:05 PM
JPMorgan Chase & Co. said the $13 billion settlement it reached with the Justice Department, state attorneys general and other agencies erased most of its potential liability in the sale of faulty mortgage investments that fueled the 2008 financial...
| Aug 5, 2013
| 7:26 AM
WASHINGTON -- Critics of Lawrence H. Summers, one of the leading candidates to be the next Federal Reserve chairman, point to his reputation for being difficult to work with.
But a former Obama administration economic aide who worked for Summers at the...
| Oct 1, 2013
| 7:32 AM
WASHINGTON -- Although the federal government began a partial shutdown Tuesday, most financial regulators remained on the job because their agencies are funded outside the congressional appropriations process.
But the effects of the shutdown still...
| Aug 20, 2013
| 6:49 AM
WASHINGTON -- The nation's largest banks are trying to scare the public about the impact of tougher capital requirements proposed by U.S. regulators, a top Federal Deposit Insurance Corp. official said Tuesday.
Requiring the eight largest banks to...