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Disabled Veteran Sues Bank Of America Over Erroneous Form 1099-C

. . .     Disabled Veteran Sues Bank Of America Over Erroneous Form 1099-C   Piggybankblog posted on 12/08/14 Repost from forbes.com   Freddie S. Raley is my new hero.  He was featured recently in a decision by the United States District Court for the Northern District of Alabama Southern Division.  Mr. Raley is […]

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5 Banks Growing Faster Than Bank of America

. . .   5 Banks Growing Faster Than Bank of America   Piggybankblog posted on 12/24/14 Repost from fool.com   Legendary Wachovia CEO John Medlin described a successful bank as a three-legged stool. First was credit quality, second was profitability, and third was growth. A bank needs all three to survive, and today, we’re […]

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S.E.C. Settles Swiss Banking Secrecy Case With an HSBC Unit

. . .     S.E.C. Settles Swiss Banking Secrecy Case With an HSBC Unit     Piggybankblog posted on 12/24/14 Reposted from nytimes.com     Washington’s crackdown on Swiss bank secrecy gained steam on Tuesday, as HSBC’s private banking unit in Switzerland settled an investigation into how it had solicited American clients. Taking aim […]

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U.S. court narrows mortgage lawsuit against Bank of NY Mellon

. . .   U.S. court narrows mortgage lawsuit against Bank of NY Mellon   Piggybankblog posted on 12/23/14 Repost from reuters.com   Dec 23 (Reuters) – A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed […]

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Wall Street Loses Ground as the Market Booms

. . .     Wall Street Loses Ground as the Market Booms     Piggybankblog posted on 12/24/14 Repost from businessweek.com   Wall Street banks have failed to keep up with the stock market during its more than five-year boom, falling behind industries such as technology and health care. There were just 32 U.S. […]

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Is Bank of America on the Naughty or Nice List This Holiday Season?

. . .     Is Bank of America on the Naughty or Nice List This Holiday Season?     Piggybankblog posted on 12/21/14 Repost on fool.com Bank of America (NYSE: BAC  ) is one of the most popular stocks in the financial sector among both bulls and bears. However, one thing is certain — many […]

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BofA CEO calls board decision on chairman ‘right thing to do’

. . .     BofA CEO calls board decision on chairman ‘right thing to do’     Piggybankblog posted on 12/19/14 Repost from charlotteobserver.com   Bank of America CEO Brian Moynihan on Friday defended the Charlotte bank’s decision earlier this year to give him the chairman’s title, saying the lender’s board was following best […]

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Whistle-Blower Payouts Approach $170 Million in Bank of America Case

. . .     Whistle-Blower Payouts Approach $170 Million in Bank of America Case     Piggybankblog posted on 12/19/14 Repost from nytimes   Updated, 2:37 p.m. http://dealbook.nytimes.com/2014/12/19/whistle-blower-payouts-approach-170-million-in-bank-of-america-case/The total payouts to whistle-blowers in the federal government’s $16.65 billion settlement with Bank of America over its mortgage business may approach $170 million. Edward O’Donnell, a […]

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Bankers association ad touts ‘hometown bankers’ as poll ratings slide

. . .     Bankers association ad touts ‘hometown bankers’ as poll ratings slide   Piggybankblog posted on 12/24/14 Repost from bizjournals.com   Yes, that’s Virginia Bankers Association President and CEO Bruce Whitehurst in a series of American Bankers Association television commercials airing nationwide. No, Whitehurst isn’t aiming for a new career in show […]

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