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OppenheimerFunds Inc. said a $767 million lawsuit by lenders that alleged the firm fraudulently induced them to fund an arbitrage system called AAArdvark, despite knowing of several breaches that excused the funding, has been dismissed, according to
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Things Bank of America Must Do Before Next Year Watch stocks you care about The single, easiest way to keep track of all the stocks that matter.....BAC ) doubled its stock value last year and achieved several milestones -- such as putting many
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Discover Financial Services says it will begin offering home equity loans beginning in the second half of this year, the latest move by the company to push further into direct banking. Senior executives for the Riverwoods, Ill., company laid out
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Bank of America, the second largest bank in the country, has been in the middle of foreclosure crisis since the very beginning. Bank of America&
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Federal authorities are looking for more than 400 blacks and Latinos in Indiana who might be eligible to collect part of a $335 million settlement between Countrywide Financial Corp. and the Justice Department...Attorney Joe Hogsett in Indianapolis
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Font Resize One of the many colorful anecdotes in the federal government's lawsuit against Standard & Poor's Ratings Services is a song that was both written and performed by an S&P employee identified as "Analyst D." One minute, the artist known as
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Things to Note in Valley National's Earnings Don't let it get away!...VLY ) fourth-quarter, analyst-matching earnings per share of $0.19 could be summed up in one word, it'd probably be "meh." And if we look at the post-earnings market reaction,
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Contending with the barrage of lawsuits over mortgage securities and residential foreclosures has made Bank of America wary of anything other than issuing vanilla home loans. Barely four years ago, Bank of America was the dominant player in the
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The House Ethics Committee says it found no violations by House members whose mortgage loans went through the VIP section of the former Countrywide Financial Corp. The following recall has been announced: The House will be back in session Sunday
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Bank of America's ( BAC ) legal headaches continue to mount as the U.S. filed suit against the banking giant on Wednesday, seeking more than $1 billion in damages for alleged mortgage fraud against Fannie Mae and Freddie Mac...Attorney for the
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