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Banking

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Top Banking Articles

Displaying items 67-77
  • Waterfront property near Annapolis offers home on a private peninsula

    Waterfront property near Annapolis offers home on a private peninsula
    Three nautical miles from downtown Annapolis but seeming worlds away is the private peninsula where Mill and Burley creeks meet the Chesapeake Bay — and where 2077 Maidstone Farm Road, a nine-acre estate with 2,000 feet of waterfront, awaits its new...
  • 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....
  • 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 probes for $16.65 billion

    WASHINGTON/NEW YORK (Reuters) - Bank of America Corp reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed securities, helping the bank...
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • Bank of America's $16.65 billion: Where will it go?

    In its $16.65 billion settlement announced Thursday, Bank of America is making $9.65 billion in cash payments to various federal agencies and six states, plus providing $7 billion in consumer relief. The bank said the settlement will reduce its third-...
  • Florida to get $1 billion from Bank of America settlement

    Florida to get $1 billion from Bank of America settlement
    Nearly 17,000 Floridians will receive more than $1 billion in relief as part of a record-setting national settlement with Bank of America, the Florida Attorney General's Office announced Thursday. Bank of America Corp. agreed to pay $16.65 billion to...
  • New York, California reap mini-bonanza from Bank of America settlement

    NEW YORK/LOS ANGELES (Reuters) - A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday. The settlement announced by the U.S. Department...
  • 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....
  • Settlement brightens outlook for Bank of America, fund managers say

    NEW YORK (Reuters) - Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say....