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Buffett Bails Out Bank of America | The Big Picture
Make no mistake about this: Warren Buffett just saved Bank of America’s bacon. A few items leap out this announcement: 1) BoA needed both capital and a reputation reboot. Buffett provided a little bit...
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Bank Of America Hilarious Denial #2 | ZeroHedge
This is just hilarious: According to Bloomberg, Bank of America’s main hesitation was taking Warren Buffett’s money when bank had said it didn’t need capital, CNBC reports without saying where it...
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BofA sued over $1.75 billion Countrywide mortgage pool | Reuters
(Reuters) – Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying loans because of alleged misrepresentations in how...
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Bank of America’s Lawyers Knew AIG Was Ready To Sue For $10 Billion 6 Months Ago
Bank of America’s lawyers were aware that AIG was prepared to file a $10 billion lawsuit against the institution as early as 7 months before its filing, Reuters reports. Bank of America made no mention...
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Complaint Filed Against Bank of America by Dozens of Plaintiffs
A 400 page complaint aginst Bank of America, former Countrywide Executives, and KPMG listing dozens of plaintiffs was filed and certified in a California Court on July 28, 2011. Plaintiffs include...
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FHFA Complaint Against Bank of America
http://www.fhfa.gov/webfiles/22586/FHFA%20v%20BoA%20Other.pdf
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Moynihan Tries to Keep BofA Intact – Bloomberg
On the afternoon of Aug. 23, Gary G. Lynch, the global chief of legal, compliance, and regulatory relations for Bank of America Corp. (BAC), was attending a meeting in Washington when the floor heaved....
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U.S. Bank sues two subprime lenders
Sept. 08–U.S. Bank, a unit of U.S. Bancorp, has filed a federal lawsuit in St. Paul against two defunct subprime mortgage lenders alleging they failed to properly vet more than 3,000 loans before...
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‘Tuesday-afternoon massacre’ buys BofA’s Moynihan more time – InvestmentNews
Firings of Krawcheck, Price gives embattled CEO more breathing room to turn things around; ‘in the line of fire’ Bank of America Corp. (BAC)’s most richly compensated executive, Thomas K. Montag, may...
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Bank of America Structured Notes Sales Drop as Buyers ‘Shy Away’ – Bloomberg
Bank of America Corp. (BAC) structured note sales dropped to the lowest level last month since at least January 2010 as concern about the creditworthiness of the nation’s largest lender deterred...
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Issa launches probe of Fannie, BofA mortgage servicing deal « HousingWire
Rep. Darrell Issa (R-Calif.), chairman of the House Oversight and Government Reform Committee, opened an investigation into the reported Fannie Mae purchase of a Bank of America (BAC: 7.33 +3.97%)...
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Dallas County DA sues MERS over filing fees « HousingWire
The Dallas County District Attorney filed suit Tuesday against Mortgage Electronic Registration Systems, its parent MERSCORP and others alleging MERS acts as a shadow recording system to avoid county...
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US DOL finds Bank of America in violation of Sarbanes-Oxley Act whistleblower...
OSHA has found Charlotte, N.C.-based Bank of America Corp. in violation of the whistleblower protection provisions of the Sarbanes-Oxley Act for improperly firing an employee. The bank has been ordered...
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Bank of America discloses plans to charge $5 fee for purchases made with...
Bank of America announced plans to charge debit card users $5 a month on Thursday, the latest — but not the last — fee the nation’s biggest banks have been adding for their customers. BofA, the biggest...
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Bank of America Site Crashes, Day After $5 Debit Fee Rule – ABC News
A day after news that Bank of America would hit some debit card customers with a $5 monthly fee, the bank’s home page went down on Friday morning through the evening. Many users reported not being able...
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The Negative Consequences of NIRP
Most people simply term it as ‘ZIRP’: Zero Interest Rate Policies. When the Federal Reserve recognized banks needed a bailout, for the first time ever they suggested banks be paid interest for any...
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West Virginia AG Darell McGraw Sues Bank of America Corporation – WOWK-TV –...
Similar to the GE Money Bank suit, this suit charges Bank of America with violating the state’s consumer credit protection act. By Andrea Lannom In a second Sept. 30 federal lawsuit, West Virginia...
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The Secret of Their Success
A successful central banker in the age of compliant paper money is one who is able to control the rate of ruin so that the rubes don’t catch on. Everybody is happy. Everyone feels richer. It’s...
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BofA seeks to oust AIG law firm from $10 billion case | Reuters
(Reuters) – Bank of America Corp (BAC.N) urged a judge to disqualify the law firm representing insurer American International Group Inc (AIG.N) in its $10 billion mortgage fraud lawsuit against the...
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Bank of America’s latest bailout bigger than ever | Loren Steffy | a...
Is that a withdrawal or is he shoring up the derivatives fund? (AP) What, you thought the big banks were done leaning on taxpayers? Sure, Bank of America may have repaid the $45 billion it borrowed...
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