A California judge has opened the door for the American International Group to pursue a fraud claim of more than $7 billion against Bank of America for losses it suffered on mortgage securities sold under ... Read more
Bank of America on Friday won a federal judge’s approval for a $2.43 billion settlement with investors who said the lender hid crucial information when it bought Merrill Lynch. The accord, among the ... Read more
Wall Street pay, while lucrative, isn’t what it used to be — unless you are a board member. Since the financial crisis, compensation for the directors of the nation’s biggest ... Read more
TWO weeks ago, I wrote a column about a secret agreement struck in July 2012 by the Federal Reserve Bank of New York and Bank of America. The existence of the confidential deal was disclosed recently in court ... Read more
A year after five of the nation’s biggest banks reached a pact with state and federal officials over claims of vast foreclosure abuses, the banks are taking credit for giving more than half a million ... Read more
Bank of America has long rued its decision in 2008 to acquire Countrywide Financial, the subprime mortgage giant. To date, the bank has set aside some $40 billion to settle claims of mortgage misconduct that ... Read more
SEVERAL readers have surprised the Haggler by rising to the defense of McDonald’s and its in-store ad for the McRib sandwich — “It’s real pork!” — as described in our last ... Read more
Fresh from persuading a $5 billion pension fund in Chicago to divest from companies that make firearms, the city’s mayor, Rahm Emanuel, on Thursday urged the chief executives of two major banks to stop ... Read more