NEW YORK - A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
Recent Business News
NEW YORK - Influential pension consultant Mercer Investment Management has downgraded its ratings on five Pimco funds, possibly triggering another wave of institutional investor outflows from the Newport Beach, California, bond fund manager.
NEW YORK - U.S. consumer confidence fell in September for the first time in five months and home prices in July rose less than expected from a year earlier, underscoring the unsteady nature of U.S. growth.
U.S. stocks are down, bonds are up--and house prices continue to rise.