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Topic - Bank Of America
Investors in the $1.2 billion Ponzi scheme operated by former Florida lawyer Scott Rothstein have sued Bank of America and some of its employees.
Cook County officials have filed a lawsuit contending two major banks helped cause the Chicago area's foreclosure crisis by marketing predatory loans to black and Latino borrowers.
Patrick Cannon's rise to mayor began with his election to City Council in 1993, at a time when Charlotte was emerging as a major banking center.
Bank of America agreed to pay $9.33 billion to put to rest a long-running mortgage securities dispute with the Federal Housing Finance Agency, which accused the lender of falsely representing loans that went south when the housing bubble burst.
A "time capsule" of photographs documenting the descendants of slaves on a long-isolated island off the South Carolina-Georgia coast will have a new home at the Smithsonian's African-American history museum.
A former Bank of America executive faces a minimum sentence of 10 years in federal prison after pleading guilty to trying to arrange a sexual encounter with a 13-year-old girl.
The Securities and Exchange Commission has rejected shareholder proposals from New York's comptroller that would have asked two major banks to disclose which employees are capable of exposing them to major losses because of their portfolios and bonus incentives.
New York's comptroller is urging two major banks to tell shareholders which employees are capable of exposing them to major losses because of their portfolios and bonus incentives.
Music is taking center stage at the Super Bowl - and not just during the halftime show.
A New York judge on Friday approved most of the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New York Mellon acted reasonably with one exception.
Some on the right are now embracing shareholder activism, using tactics pioneered on the left that have turned America's corporate boardrooms and annual meetings into battlegrounds over causes ranging from climate change and gay rights to universal health care and campaign spending reform.
Bank of America led a rally in big-bank stocks Monday in a mostly quiet trading day. Stock indexes were little changed following a record-setting week.
Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the California-based lender it acquired in 2008. The announcement came as the nation's second-biggest bank reported higher net income for the first quarter but missed analysts' expectations.
The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged applications and tried to hide ballooning defaults.
A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywide to exclude records showing that he, other House members and congressional aides got VIP discounted loans from the company, documents show.