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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles

Displaying items 56-66
  • BofA in $16.5 billion deal with U.S. over mortgage bonds: source

    BofA in $16.5 billion deal with U.S. over mortgage bonds: source
    WASHINGTON (Reuters) - Bank of America Corp is expected to pay more than $16.5 billion to end investigations into mortgage securities that the bank and its units sold in the run-up to the financial crisis, in a deal that could be announced as early as...
  • Bank of America's nearly $17 billion settlement could be announced Thursday

    Bank of America's nearly $17 billion settlement with the U.S. Department of Justice over soured mortgage bonds could be announced as early as Thursday, a source familiar with the talks told the Charlotte Observer Wednesday. Bloomberg News, citing a...
  • Foresight wins Goldman big role in China's preferred shares deals

    HONG KONG (Reuters) - As Chinese banks prepare to raise $55 billion in the country's first preferred share offers, foreign investment banks with experience in structuring such deals are ready to pounce on a potential $275 million in underwriting fees....
  • Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

    (Reuters) - Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday. Under the settlement with the Federal...
  • Man pleads guilty over 'Hot Lips' account used to evade U.S. taxes

    NEW YORK (Reuters) - A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes....
  • Illinois will receive $300 million in Bank of America settlement

    Illinois will receive $300 million in Bank of America settlement
    Bank of America and the Justice Department have reached a record settlement of almost $17 billion to end a long-running probe into the marketing and sale of toxic mortgage securities by the bank and particularly its Countrywide Financial and Merrill Lynch...
  • Florida to get $1 billion of Bank of America settlement, Bondi says

    Florida to get $1 billion of Bank of America settlement, Bondi says
    A massive settlement announced Thursday between Bank of America and the U.S. Department of Justice will provide about $1 billion in assistance to thousands of Floridians, state Attorney General Pam Bondi said Thursday. The settlement, which totals $16....
  • BofA admits to post-crisis mortgage failures as part of settlement

    NEW YORK (Reuters) - Bank of America Corp has long argued to enforcement officials that it was being forced to pay for the sins of companies it acquired in the crisis, but on Thursday the bank admitted at least some of its mortgage problems happened on...
  • Bank of America settles mortgage fraud case for $16.65 billion

    WASHINGTON The Justice Department on Thursday announced a $16.65 billion settlement with Bank of America, a record-setting deal that helps homeowners and ends myriad state and federal investigations triggered by the nation's mortgage meltdown. The...
  • RBS settles copyright lawsuit after U.S. judge blocks software's use

    RBS settles copyright lawsuit after U.S. judge blocks software's use
    NEW YORK (Reuters) - Royal Bank of Scotland Group Plc said on Wednesday it had reached a settlement allowing it to use a key piece of software in its trade finance business that a U.S. judge had prevented the bank from using due to copyright infringement....
  • Multa a Bank of America no le afectó y suben sus acciones

    Multa a Bank of America no le afectó y suben sus acciones
    WASHINGTON - La multa "histórica" a Bank of America por sus negocios con hipotecas basura antes de la crisis supera a las impuestas a Citigroup o JP Morgan, pero no parece haber impresionado a Wall Street, donde sus acciones subieron, ni a los grupos...