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Bank Of America Deal A Victory For New York Families

Eric T. Schneiderman | Posted 10.21.2014 | Politics
Eric T. Schneiderman

This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.

Bail-out Is Out, Bail-in Is In: Time for Some Publicly Owned Banks

Ellen Brown | Posted 07.02.2013 | Business
Ellen Brown

Your deposits are protected only up to the $250,000 insurance limit, and only to the extent that the FDIC has the money to cover deposit claims or can come up with it. The question then is, how secure is the FDIC?

$2.4 Billion Settlement Approved

Reuters | Posted 06.05.2013 | Business

* Bank accused of hiding Merrill losses, bonuses * Settlement among largest tied to financial crisis By Bernard Vaughan ...

Did Bank Of America Really Do That?

The Huffington Post | Ron Dicker | Posted 09.21.2012 | Business

Daniel Herrmann, whose right hand, arm and leg were disabled in a car accident, had a good thing going at Merrill Lynch. The company gave him a left-h...

The Lost Profession of Banking

John Fullerton | Posted 11.29.2011 | Business
John Fullerton

The time has come for an intelligent, independently-governed, public infrastructure bank, ideally partnering with real banks that see their public purpose as a profession, focused on productive lending in the real economy.

What Does WikiLeaks have on Bank of America?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

WikiLeaks founder Julian Assange is promising to unleash a cache of secret documents from the hard drive of a U.S. megabank executive. In 2009, he told Computer World that the bank was Bank of America (BofA).

Dick's Added, BJ's Removed From US1 | Gregory White and Joe Weisenthal | Posted 05.25.2011 | Business

BofA Merrill Lynch analyst Steve Fleishman titled his latest research report "Dick's Added; BJ's Removed From US1," and we agree The Business Insider'...

Jed Rakoff, 'Maverick' Judge, Putting Wall Street In Its Place

Los Angeles Times | Posted 05.25.2011 | Business

The economic crisis has brought out the populist in many politicians and others. Among the more unlikely ones may be a silver-bearded federal judge wh...

Bank of America's SEC Settlement Approved By Federal Judge

Posted 05.25.2011 | Business

NEW YORK (BY LARRY NEUMEISTER, AP) -- A Federal judge said Monday he would reluctantly approve an amended $150 million settlement between the Securiti...

Bank of America-SEC Settlement Terms Challenged By Judge For Second Time | LOUISE STORY | Posted 05.25.2011 | Business

Bank of America says it is opposed to a judge's proposal to appoint an outside compensation consultant as part of a settlement with the Securities and...

Cuomo: Bank Of America, Ken Lewis Charged With Fraud

Posted 05.25.2011 | Business

New York Attorney General Andrew Cuomo filed fraud charges against Bank of America and its former top executives this morning, alleging the bank manip...

The Smartest Guy in the Room

Dan Collins | Posted 05.25.2011 | New York
Dan Collins

Shock waves from Judge Jed Rakoff's scathing denunciation of a proposed settlement between the SEC and the Bank of America are still rippling through Wall Street and Washington.

Become A Philanthropist With A Mission

Kari Henley | Posted 11.17.2011 | Healthy Living
Kari Henley

How many of you consider yourselves a philanthropist? The word conjures up super elite icons like Bill Gates, Oprah and Warren Buffet. However, the true definition of philanthropist is "lover of humanity."

Bank Pay: Despite Pay Czar's Most Top Executives Have Left Bailed-Out Firms | Tomoeh Murakami Tse and Brady Dennis | Posted 05.25.2011 | Business

The administration had tasked Kenneth Feinberg, the Treasury Department's special master on compensation, to evaluate the pay packages of 25 of the mo...

Why It's Wrong When Wrongdoers Are Allowed to Admit No Wrongdoing

Arianna Huffington | Posted 05.25.2011 | Business
Arianna Huffington

When corporate perpetrators don't have to admit they did anything wrong, it's as if the crime never happened. Which, of course, makes it much more likely that it will happen again.

Bank of America Emails Suggest Merrill Losses Were Known Of Before Shareholder Vote | Tomoeh Murakami Tse | Posted 05.25.2011 | Business

NEW YORK -- Congressional investigators think that reams of internal documents turned over by Bank of America last Friday show that its executives wer...

B of A's Ken Lewis: Beware What You Wish For

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

Ken Lewis likes to spring news on the market, which is why his resignation from Bank of America shouldn't have been all that surprising. But it was and here's why.

Letting the Banking Rats Out of the Bag

Robert Scheer | Posted 05.25.2011 | Business
Robert Scheer

Why has it been left to one stellar judge to sound the alarm on Bank of America and Merrill Lynch, and why is Congress and the Obama administration looking the other way?

Hank Paulson Rewrites History Before Congress

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

The fallout of Paulson's two disastrous decisions (to let Lehman fail and reverse his position on foreclosure relief) prompted the former Treasury Secretary to abuse his powers, with some not-so-veiled threats.

Bernanke's a Bully and Ken Lewis Is a Weenie

Jill Schlesinger | Posted 05.25.2011 | Home
Jill Schlesinger

Lawmakers may have grilled the wrong wiener today.

POLL: Did The Fed Cover Up The BofA Merrill Lynch Deal?

Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke is testifying before Congress today where he will be grilled on Bank of America's acquisition of Merrill Lynch. ...

Fed Covered BofA Merrill Deal: Rep. Darrell Issa

Reuters | Posted 05.25.2011 | Business

WASHINGTON, June 24 (Reuters) - The Federal Reserve sought to hide its extensive involvement and concerns about Bank of America Corp's (BAC.N) acquisi...

Cuomo Accuses Merrill Of "Misleading" Congress On Timing Of Bonuses

Huffington Post/AP | Marcus Baram | Posted 05.25.2011 | Business

SCROLL DOWN FOR THE COURT FILING New York Attorney General Andrew Cuomo, in a court filing, accused Merrill Lynch of "misleading" Congress about the ...

Merrill Lynch Trading Inquiry: Hundreds Of Millions Possibly Lost

New York Times | LOUISE STORY and ERIC DASH | Posted 05.25.2011 | Home

CHARLOTTE, N.C. -- One Merrill Lynch trader apparently gambled away more than $120 million in the currency markets. Others seemingly lost hundreds of ...

John Thain's Redecoration Refund: Will Pay Back $1.2 Million To Bank Of America

CNBC | Maria Bartiromo | Posted 05.25.2011 | Business

Former Merrill Lynch CEO John Thain, who was ousted last week from Bank of America, defended the acquisition of Merrill by Bank Of America, saying it ...