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What’s new: Perris warehouse flips for $112 million, doubling value in 2 years
A pair of property investment firms have nearly doubled their money in just two years on an industrial warehouse in Perris. CH Realty Partners in Los Angeles, Blumenfeld Development Group and...
View ArticleOC man and woman charged in $2.2 million scheme tied to fraudulent home...
An Orange County man and woman were charged in what prosecutors called a $2.2 million identity theft scheme involving fraudulent home equity loans, authorities announced Tuesday. Thao Thi Kim Nguyen, a...
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Overdrawn checking account? Some banks still haul in millions in overdraft fees
The good news: Those annoying (and expensive) overdraft and “non-sufficient funds” fees from your bank — of some $35 per pop! — have plummeted over the past couple of years, saving consumers some $5.5...
View ArticleCiti cutting 20,000 jobs in CEO’s bid to boost returns
By Todd Gillespie | Bloomberg Citigroup Inc. said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of Chief Executive Officer Jane Fraser’s quest to boost the...
View ArticleWall Street worries about another regional banking crisis
Wall Street is experiencing a case of déjà vu. It’s been nearly a year since the collapse of three US regional lenders left financial institutions and regulators scrambling to prevent the spread of a...
View ArticleWells Fargo restrictions loosen after years of oversight following scandal
By Ken Sweet | The Associated Press The Biden Administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals....
View ArticleCitibank fined $26 million for ‘treating Armenian Americans like criminals,’...
Citibank illegally discriminated against Armenian Americans for years by singling them out on credit card applications based on their surnames, a federal regulator alleged on Wednesday. The Consumer...
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Bank deposit delays: Some customers still haven’t been paid
New York (CNN) — Some customers still haven’t received their direct deposit paychecks following a “human error” last week deep in the plumbing of America’s banking system. The deposit delays are linked...
View ArticleFullerton bank evacuated, suspect with fake bomb fatally shot by police
Police fatally shot a man in his 70s Tuesday believed to be a robber who entered a Fullerton bank branch wearing a mask and told the teller he had a bomb, authorities said. He was in possession of a...
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Big bank CEOs warn that new regulations could harm the economy
By KEN SWEET | AP Business Writer NEW YORK — The heads of Wall Street’s biggest banks used an appearance on Capitol Hill to plead with senators to stop the Biden administration’s proposed changes to...
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