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Some banks pulling back from doing business on border

In late September, U.S. Sen. McCain wrote letters accusing Bank of America, Wells Fargo, Chase and Citigroup of scaling back services and closing branches in communities along the U.S.-Mexico border. ... Read more»3

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Geithner book: 'I should have paid more attention' to Citigroup’s woes

The former treasury secretary says his close ties to ex-Citigroup executive Robert Rubin ‘tempered my skepticism’ about the bank’s health in the years before the financial crisis hit. ... Read more»

Banking Caucus: Wall Street's secret weapon in Washington

Lawmakers are helping industry donors beat back tougher rules. Every business sector has its friends in Washington. Financial companies — from the biggest megabanks to small payday lenders — have some of the best.... Read more»

The bailout: By the actual numbers

While Democrats paint a glowing picture of the bailout, this Bailout Tracker database tells the whole story. A look at the biggest losses and gains stemming from the TARP and Fannie, Freddie bailout. ... Read more»1

Judge approves $25B foreclosure settlement

A federal judge has approved a $25 billion settlement between the nation's five largest mortgage lenders and the attorneys general of 49 states and the District of Columbia over abuses in foreclosure processing.... Read more»

Pima County warns about mortgage settlement scams

The Pima County Housing Center is warning homeowners about potential scams related to February's $25 billion mortgage settlement.... Read more»

Az to get $1.6B in foreclosure settlement

Arizona will receive $1.6 billion of a $25-billion multistate settlement with five banks over mortgage lending practices and foreclosures, giving many borrowers some relief, the state Attorney General's Office announced Thursday.... Read more»1

Az closer to joining possible $25B foreclosure settlement

Arizona is one of a handful of states that have not yet agreed to a potential $25 billion mortgage settlement for suffering homeowners, but the state hopes to join soon, officials said.... Read more»

Analysis

Why a federal judge trashed SEC’s deal with Citigroup

When the Securities and Exchange Commission struck a deal with Citigroup over a failed security that the bank sold to investors, we asked whether regulators had handed Citigroup too sweet a deal.... Read more»

Whistleblowers ignored, punished by lenders

Sixty-three former employees at 20 financial institutions say they were fired or demoted for reporting fraud or refusing to commit fraud. Their stories were disclosed in whistleblower claims with the U.S. Department of Labor, court documents or interviews with iWatch News.... Read more»

Ousted Yahoo CEO calls board 'doofuses'

In her first interview since being fired as CEO of Yahoo on Tuesday, Carol Bartz called the company's board "doofuses" after chairman Roy Bostock told she was fired by reading her a lawyer's prepared statement over the phone.... Read more»

Analysis

Mortgage servicers spend millions on political contributions

As the financial markets roil, one of the critical factors weighing down the U.S. economy is the flood of home foreclosures. Thursday's crash underscores how difficult it will be for the economy to make significant strides while the housing market is still in tatters. ... Read more»

Think again

Wall Street wins (and whines)

Close readers of The New York Times will have noticed a disagreement among its reporters on whether Wall Street bankers are pleased or peeved with the treatment they've received from the Obama administration.... Read more»

Analysis

Bank investigations peter out, execs unprosecuted

No top banking executives have been successfully prosecuted in connection with the financial crisis: not for making the bad loans that fed the mortgage machine, not for lying about the quality of the mortgages, and not for foreclosing improperly when homeowners struggled to make loan payments.... Read more»

Banamex wants to ease cross-border banking

Banamex USA, a subsidiary of Citigroup, recently opened several locations in U.S. border cities. The bank, which specializes in commerce between the U.S. and Mexico, is trying to make business transactions between the two countries easier.... Read more»

The year in Wall Street investigations

Prosecutors, regulators, Congress and journalists spent the year uncovering financial shenanigans that brought the market to its knees. It's been marked by a few blockbuster settlements and more revealing investigations — as well as by some noticeable inaction. ... Read more»

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