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More than 200,000 financially strapped households will have a chance to sharply reduce their mortgage balances under a side deal negotiated by Bank of America that could allow the bank to avoid as much as $850 million in penalties.
March 8 -
WASHINGTON — The Senate voted Thursday to adopt a measure aimed at cracking down on offshore tax havens.
March 8 -
The chairman of the House Financial Services Committee faces the toughest race of his 19-year congressional career.
March 8 -
WASHINGTON — The Capital Purchase Program was more than $6 billion in the black as of the end of January, but there are continued concerns over some institutions still not repaying CPP funds, according to a report issued Thursday by the Government Accountability Office.
March 8 -
The Federal Reserve Board on Thursday released details on steps three more mortgage servicers are taking to correct deficiencies in their foreclosure practices.
March 8 -
With at least one success, defendants are attempting to use state "business-judgment" rules to their advantage.
March 8 -
The real fight over the bill, which has long been sought by the banking industry, is still to come in the Senate.
March 8 -
The $25 billion mortgage servicing settlement is "a symbol, a chance to get everyone to agree to solve this," the CEO tells investors.
March 8 -
WASHINGTON — A coalition of associations, led by the U.S. Chamber of Commerce, sent a letter Thursday urging regulators to hold a public hearing on their plans to designate non-bank financial institutions as systemically important.
March 8 -
The idea of banks peddling "exploding toasters" has taken root thanks to industry nemesis Elizabeth Warren.
March 8
