Bank of America

  • BofA asks judge to toss AIG’s counsel from $10 billion case

    Life for Bank of America (BofA) continues to be a struggle. The latest drama is currently unfolding in a New York courtroom as the beleaguered bank spars with equally bedraggled American International Group Inc. (AIG) over a massive, $10 billion lawsuit.

  • Buffett says BofA needs time to clean itself up

    Warren Buffett spoke to the press today regarding much-maligned Bank of America (BofA), which has been on the receiving end of a litany of lawsuits, bad press and simply seems to have a black cloud firmly entrenched above its proverbial head.

  • BofA, lenders may face new slew of lawsuits

    “Now serving the next customer in line to sue Bank of America.” While not exactly what you expect to hear from the teller at your local Bank of America (BofA) branch, Bloomberg yesterday warned that the besieged bank is among a group of lenders that may face a new slew...

  • BofA to consider Countrywide bankruptcy

    The scent of blood is in the water. As the sharks continue to circle, Bank of America (BofA) reportedly is considering taking drastic steps to protect itself from the tsunami of lawsuits continually flooding the company in the wake of the Countrywide Financial Corp. takeover.

  • BofA sat on knowledge of AIG lawsuit for 7 months

    The seemingly endless saga of companies suing Bank of America Corp. (BofA) over losses related to mortgage-backed securities took another turn yesterday as reports surfaced that the bank knew as early as January that American International Group Inc. (AIG) intended to sue the company for $10 billion—a full seven months...

  • Goldman Sachs now under gun from mortgage lawsuits

    Perhaps feeling left out thanks to Bank of America (BofA) to getting all of the ink lately devoted to mortgage-backed securities lawsuits, Goldman Sachs Group yesterday grabbed a few headlines of its own.

  • AIG sues BofA over billions in losses

    American International Group Inc. (AIG) has filed suit against Bank of America (BofA) in an effort to get back some of the billions of dollars the insurer says it lost as a result of BofA’s massive financial fraud.

  • BofA seeking shield from further suits

    Just days after news broke that Bank of America (BofA) is facing a new lawsuit from 15 former Countrywide Financial Corp. investors that lost money during the housing collapse comes word that the company is now looking to the government for help shielding itself from further litigation.

  • BofA still bleeding from Countrywide conundrum

    Things continue to worsen for Bank of America (BofA). After hoping to quell the disquiet from former Countrywide Financial Corp. investors that lost money during the housing collapse with an $8.5-billion settlement last month, BofA is facing a new suit from 15 plaintiffs that believe the agreement is unfair.

  • Union Bank’s overdraft fee fiasco

    You know a company may have a bit of a customer service problem when its patrons start leveling lawsuits at them. Such is the plight of San Francisco-based UnionBanCal Corp., whose customers raised their figurative torches and pitchforks in revolt against the group of 30 banks because of their allegedly...

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