Three years after the collapse of Bear Stearns Cos., which helped fuel the worst financial crisis since the Great Depression, former bond executives of the firm are running businesses at onetime rivals, including Bank of America Corp. and Goldman Sachs Group Inc.

Morgan Stanley is starting to win more business from smaller private-equity firms after forming a group of bankers to focus on the sector and generate more fee revenue from buyouts.

The trustee charged with winding down Lehman Brothers Holdings Inc.'s U.S. broker-dealer business Friday sued Citigroup Inc. seeking the return of some $1.3 billion the bank seized in the days following Lehman's Chapter 11 bankruptcy filing on Sept. 15, 2008.

The agency's pilot program, designed to streamline mortgage insurance applications associated with the Low-Income Housing Tax Credit program, will now include applications for new construction and substantial rehabilitation.

The company disclosed that it paid $146 million for servicing rights associated with $13 billion in mortgages.

Bridgeview Bancorp floated its name with 14 potential buyers, but it only attracted serious interest once it promised to divest a mortgage business that recorded a double-digit decline in fee income last year.

In order to align financial policy with the interests of consumers, the agency should consider why these services have caught on — and remember to keep a lane open for innovation.

In “The Journey of Humanity,” the economics professor Oded Galor explores the complex question of why some countries have flourished while others continue to struggle.

The pending budget reconciliation legislation should retain measures meant to support minority homebuyers.