. . . BofA: Schneiderman Has No Rights to Sue Piggybankblog posted on 05/11/13 Cross linked with wsj.com Bank of America BAC +0.85% is pushing back against New York Attorney General Eric Schneiderman, who threatened to sue the bank over alleged violations of last year’s $25 billion mortgage settlement. In a letter [...]
+Continue Reading. . . Bank of America’s Wild Ride — A Legal Side Effect? In a matter of minutes this morning, Bank of America (NYSE: BAC) both rose and fell sharply, leaving investors to wonder what the heck was going on. Sitting at a 0.74% gain just before 10:30 a.m. EDT, the bank is [...]
+Continue Reading. . . U.S. can pursue case against Bank of America over mortgages Piggybankblog posted on 05/09/13 Cross linked withchiagotribune FIRREA law.FIRREA does not yet have much of a track record in court, but the government turned to in the wake of the financial crisis as a potential means to target civil fraud [...]
+Continue Reading. . . Chase stops suits against credit-card holders Piggybankblog posted 05/09/13 Cross liked with cbsnews.com COMMENTARY Revelations last year that many of the nation’s biggest banks were illegally evicting homeowners by “robo-signing” foreclosure documents triggered a flurry of federal and state investigations. Now, as American Banker reports, the scandal may be [...]
+Continue Reading. . . . . Error claims cast doubt on Bank of America foreclosures in Bay Area . Piggybankblog posted on 04/26/13 Cross linked with baycitizen.org Joji Thomas was desperate to save his home. The San Francisco mechanical engineer sold his car, tapped into his wife’s savings and begged friends for money. In [...]
+Continue Reading. . . . . BofA and Wells Fargo Hunt the Elusive Mortgage Loan . Piggybankblog posted on 04/25/13 Cross linked with fool.com It’s no longer any secret that the biggest banks are being forced to acknowledge that the mortgage-lending mini-boom that gave Wells Fargo (NYSE: WFC) and JPMorgan Chase (NYSE: JPM) such lifts in [...]
+Continue Reading. . . . . What Could Still Go Wrong at Bank of America? . Piggybankblog posted on 04/22/13 Cross linked with fool.com . Bank of America reported its first-quarter earnings, and investors were underwhelmed. In this video, Matt Koppenheffer compares Bank of America’s performance with Wells Fargo‘s. By all metrics, Wells Fargo did better. [...]
+Continue Reading. . . . . Bank of America Gets Bludgeoned Again Today . Piggybankblog posted on 04/22/13 Cross linked with fool.com . Poor Bank of America (NYSE: BAC) . After seeing its share price rise spectacularly in the week prior to its first-quarter earnings report, the stock took a real drubbing immediately after that report [...]
+Continue Reading. . . . . AIG wins bid to move $10 billion Bank of America mortgage lawsuit . Piggybankblog posted on 04/19/13 Cross linked with reuters.com . (Reuters) – A federal appeals court ruled in favor of American International Group Inc (AIG.N) by concluding that the insurer’s $10 billion lawsuit against Bank of America Corp [...]
+Continue Reading. . . . . Bank Of America Reaches Record $500 Million Settlement Over . Piggybankblog posted on 04/17/13 Cross linked huffingtonpost.com . April 17 (Reuters) – Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement [...]
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