Melissa Allison

Three investors in a long-dead Chicago bank won a key legal victory against the federal government in August, establishing that the government broke a contract with them. Because of that...

The Treasury Department's Financial Crimes Enforcement Network last week issued its fourth review of suspicious activity reports, which are filed by financial institutions when they suspect unusual activity in their...

The Bush administration announced plans last week to curb predatory mortgage lending by more closely scrutinizing Federal Housing Administration lenders with high delinquency rates. The action expands the scope of...

On July 24 the Dow Jones industrial average sank toward 7500 before staging a dramatic rally. It was a thrill ride for active traders, while most investors recoiled in amazement....

After operating its North Western Avenue branch from a trailer for nearly two years, Mutual Bank celebrated the opening two weeks ago of a new, 10,000-square-foot office. Near Devon Avenue,...

With Bank One Corp. just days away from its planned acquisition of bankrupt Polaroid Corp., a group of the camera-maker's shareholders last week continued its attempt to stymie the $255...

In little more than a month as LaSalle Bank's new chief investment officer for wealth management, Jose Santillan has made some major changes to improve the portfolios of LaSalle's upper-crust...

Federal and state regulators on Thursday said that a Chicago mortgage broker and an Ohio-based lender jointly preyed on low-income and elderly homeowners by misrepresenting fees and terms of home...

With bank failures on the rise, it might behoove wealthy bank customers to look into whether they deserve higher interest rates on CDs in which they invest more than $100,000....

Banco Popular, Puerto Rico's largest bank, plans to double its presence in the United States over the next two to three years. Currently it has roughly 100 U.S. branches and...