Bank of America Corp.

  • JPMorgan settles mortgage suit

    JPMorgan Chase & Co. has reached a $45 million agreement with the federal government to settle claims the financial giant charged veterans hidden fees in mortgage refinancing transactions.

  • Antitrust case against Citigroup and Discover moves forward

    Yesterday, a federal judge told Citigroup Inc. and Discover Financial Services they aren’t off the hook as defendants in a decade-old nationwide antitrust lawsuit.

  • Mortgage and foreclosure costs reach $72 billion

    The economic drain of faulty mortgages has yet to cease, even as the country’s largest banks come closer to reaching a settlement in the 50-state review of foreclosures.

  • Investors suing BofA win class action status

    Well, on the bright side, at least all of the lawsuits alleging Bank of America Corp. (BofA) misled investors in this instance will be consolidated into a single suit…

  • BofA wins dismissal from Allstate Countrywide suit

    Perhaps the New Year has brought a fresh set of luck for the beleaguered bank. After basically taking it on the chin again and again in 2011, Bank of America Corp. (BofA) caught a break in its battle with Allstate Insurance Co.

  • Investors request “shroud of secrecy” lifted in BofA’s $8.5 B settlement

    Another page was written in the epic drama surrounding Bank of America Corp. and its seemingly endless legal trouble this year. A lawyer representing American International Group Inc. told U.S. District Court Judge William Pauley in New York Wednesday that investors want the “shroud of secrecy” lifted over the proposed $8.5...

  • Lehman giving up on bid for Barclays’ $11 billion

    Just when things seemingly couldn’t be worse for the now-defunct Lehman Brothers Holdings Inc., they actually got worse.

  • BNY Mellon to fight overcharging, negligence claims

    In his first public appearance as the new chairman and CEO of Bank of New York Mellon Corp., Gerald Hassell defended his bank’s reputation at the Barclays financial conference in New York yesterday.

  • 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...

  • Bank of America closing on $8.5 billion settlement

    Dominoes from the U.S. housing collapse continue to fall. Coming just a week after reports surfaced that Bank of America Corp. (BofA) faced lawsuits from union and public employee retirement funds due to losses on mortgage-backed securities, BofA yesterday announced it has agreed to pay $8.5 billion to settle claims...

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