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March 12, 2013
Re "Banks may be too big to prosecute, U.S. says," March 8 If banks are too big to prosecute, it is time to break them up. Too big to prosecute is too big to exist. Larry Severson Fountain Valley ALSO: Letters: Two sides on Hugo Chavez Letters: Mental health and marijuana Letters: 'Class warfare' on the L.A. ballot
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BUSINESS
April 23, 2014 | By E. Scott Reckard
Banc of California, a growing community bank in Irvine, is doubling its footprint in Southern California as it joins a new wave of smaller California banks pushing to expand into regional players in the aftermath of the financial crisis and the Great Recession. Banc of California said Wednesday that it agreed to buy 20 Popular Community Bank branches from struggling Popular Inc. in Puerto Rico, adding them to its 18 branches from Los Angeles to San Diego. The new branches would be in lightly banked Latino neighborhoods in Los Angeles and Orange counties.
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BUSINESS
October 15, 1992 | From Times Staff and Wire Reports
U.S. Assets of Foreign Banks Hit a Plateau: U.S. assets of foreign banks remained flat in the first half of this year, ending nearly two decades of growth--often at double-digit rates, the Federal Reserve said. The turnaround reflects a decision by Japanese banks to pull back in U.S. markets. U.S. assets of Japanese banks fell 6%, or $25.8 billion, to $402.1 billion, while the assets of other foreign banks--mainly big European institutions--rose 6%, or $25.7 billion, to $458.5 billion.
BUSINESS
April 22, 2014 | By E. Scott Reckard
Two of Los Angeles' many Asian American banks ranked near the top of analysts' national lists of bank stocks that investors should buy, a signal of economic strength in local immigrant communities. Financial information provider SNL Financial ranked BBCN Bancorp second of all bank stocks nationally, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform. " Only the parent of South Carolina Bank and Trust had a more positive endorsement from analysts.
BUSINESS
April 22, 2014 | By E. Scott Reckard
California's immigrant-heavy economy looks strong through the lens of regional bank results, with two of Los Angeles' many Asian American banks near the top of analysts' national lists of bank stocks that investors should buy. According to financial information provider SNL Financial, BBCN Bancorp recently held the No. 2 slot, with six of seven analysts, or 87%, rating Koreatown's largest bank a "buy" or "outperform," meaning it would do better than...
BUSINESS
April 18, 2014 | By Alexia Elejalde-Ruiz
Between the bouncy music and the stacks of colorful jeans, visitors to the Benetton store on Chicago's Michigan Avenue might catch a whiff of a growing marketing trend. Mounted high in the corner beside the store entrance, a scent diffuser, installed in November, spreads a bright spring fragrance modeled after Benetton's Verde cologne. "It finishes the emotion we are trying to create in the store," said Robert Argueta, director of visual merchandising for the United Colors of Benetton, who also is testing the scent in Benetton's New York flagship store.
BUSINESS
April 15, 2014 | By Jim Puzzanghera
WASHINGTON -- The Federal Reserve is considering tougher rules for big banks to keep credit flowing in case of another financial crisis, Fed Chairwoman Janet L. Yellen said Tuesday. Although officials from the Fed and regulatory agencies approved more stringent requirements for the eight largest banks last week, Yellen said additional measures might be needed to keep short-term credit markets from freezing up during stressful financial conditions. "In 2007 and 2008, short-term creditors ran from firms such as Northern Rock, Bear Stearns and Lehman Bros., and from money market mutual funds and asset-backed commercial paper programs," Yellen said in a video speech to the Federal Reserve Bank of Atlanta's financial markets conference.
WORLD
April 14, 2014 | By Maher Abukhater
RAMALLAH, West Bank - An Israeli man was killed and at least two people were injured Monday when civilian vehicles came under fire near the southern West Bank city of Hebron. The incident could aggravate tension between Israelis and Palestinians that is  threatening to unravel peace negotiations. Israeli news media reported that at least three vehicles were carrying members of a family to a Passover holiday dinner when they came under fire. “Moments ago, fire was opened at a civilian Israeli vehicle travelling on route 35 near Hebron.
BUSINESS
April 9, 2014 | By Don Lee
WASHINGTON - An account of the Federal Reserve's last meeting suggests that policymakers aren't as eager to take away the punch bowl as the market thought. The minutes of the March 18-19 meeting state that Fed officials worried that their individual projections for when the central bank would start raising interest rates "could be misconstrued" as indicating a shift by the Fed committee to tighter monetary policy. The average projections released after the March meeting showed a slight move forward in the anticipated timing of a Fed rate increase, and Fed Chairwoman Janet L. Yellen herself gave the impression in a news conference that day that a rate hike could be made by mid-2015, earlier than what the market had been expecting.
WORLD
April 8, 2014 | By Batsheva Sobelman
JERUSALEM -- Tensions were high Tuesday following a clash between Jewish extremists and Israeli troops in the West Bank settlement of Yitzhar that injured about a dozen people on both sides. The violence erupted overnight when security personnel entered Yitzhar, an ideological stronghold of Jewish settlers, to demolish several homes that were declared illegal by Israeli authorities. Settlers blocked the road with burning tires and showered rocks on security troops, who fired tear gas at the settlers.
ENTERTAINMENT
April 7, 2014 | By Mikael Wood
Though he's developed a healthy sideline over the last few years co-hosting the Country Music Assn. Awards with Carrie Underwood, Brad Paisley turned up Sunday night on that show's rival broadcast , the Academy of Country Music Awards. So far, so good, right? One of country music's smartest, most charismatic stars, Paisley improves any awards show on which he appears -- and with performances such as Tim McGraw and Faith Hill's weirdly wooden "Meanwhile Back at Mama's," the ACMs needed more help than most.
WORLD
April 7, 2014 | By Tom Kington, This post has been corrected, as indicated below.
ROME -- Pope Francis has given his backing to the Vatican's scandal-ridden bank, Vatican officials said Monday, quashing months of speculation that he might close it down as part of wide-ranging reforms at the Holy See. In a statement, the Vatican said the bank “will continue to serve with prudence and provide specialized financial services to the [Roman] Catholic Church worldwide.” Set up in 1942 to offer accounts to priests, nuns, religious orders and Vatican employees, the bank has been embroiled in a series of scandals over alleged money-laundering and tax-dodging.
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