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By Jesse Hamilton, Bloomberg |
January 7, 2013
Ten of the largest U.S. mortgage servicers will pay a combined $8.5 billion under an agreement that will end case-by-case reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators.
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By Zachary Tracer, Bloomberg |
January 7, 2013
Bank of America Corp., the second-biggest U.S. lender by assets, agreed to pay Fannie Mae $3.6 billion to resolve home-loan repurchase claims.
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By Silla Brush |
January 3, 2013
Big banks win a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from units backed by federal deposit insurance.
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By Andrew Dunn, Bloomberg |
October 24, 2012
Bank of America Corp. was sued by the U.S. attorney in Manhattan for allegedly engaging in a scheme to defraud Fannie Mae and Freddie Mac.
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By Hugh Son, Bloomberg |
October 17, 2012
Bank of America Corp. reported third-quarter results that were better than some analysts predicted as capital levels improved, and the shares edged higher in New York trading.
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By Max Abelson, Bloomberg |
October 3, 2012
The combined $63 billion in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.
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By Nikolaj Gammeltoft and Amanda Gould, Bloomberg |
September 17, 2012
U.S. stocks fell, after the Standard & Poor’s 500 Index rallied to its highest level since 2007, as European finance chiefs deadlocked at debt-crisis talks and New York area manufacturing slumped.
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By Christine Harper and Hugh Son, Bloomberg |
September 4, 2012
Shareholders of Wall Street banks who agree with former Citigroup Inc. Chief Executive Officer Sanford “Sandy” Weill that the companies should be broken up face an obstacle: Bondholders.
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By Hugh Son, Bloomberg |
July 18, 2012
Bank of America Corp., shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as real estate-unit losses narrowed and the company set aside less money for bad loans.
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By Jesse Westbrook and Liam Vaughan, Bloomberg |
July 6, 2012
Robert Diamond said a backlash that has led to the resignation of senior managers and erased $5 billion from the bank’s market value is a consequence of the lender being the first sanctioned for rigging interest rates.
