Bank of America
The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
The government shutdown is slowing the wheels of justice in federal courts by delaying civil cases, forcing prosecutors to operate with skeleton staffs and raising uncertainty about the system’s immediate future if the stalemate continues past Thursday.
The U.S. government has accused Bank of America Corp. of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850 million of mortgage bonds during 2008.
Fair Oaks Police are looking for a female suspect in a bank robbery in Chantilly, Monday.
Regulators want to require eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
You’ve heard of bank robberies, but you probably haven’t heard of anything quite like this.
As big financial institutions like Goldman Sachs and JPMorgan Chase get set to report earnings over the next week, they are under pressure to show investors they can correct mistakes from the financial crisis and still post big profits. While profitable of late, there are worries that the recent run-up in earnings is just masking the problems.
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
A celebrity musician and activist is scheduled to deliver the keynote address during a special event at Georgetown University Monday evening.
Bank of America is looking to the future with the connection between smart phones and bank accounts by a testing a new techy method of payment.