BofA executive an unlikely culprit in housing crisis The Charlotte Observer Fuld. Cayne. Mozilo. Mairone? | More than five years after the housing bust, the roll call of banking executives who have been blamed by the public for the crisis has grown ever longer. But when it comes to top managers who have been hit with a jury ...
Jury finds BofA’s Countrywide liable for defrauding Fannie, Freddie The Charlotte Observer Bank of America Corp.’s Countrywide unit has been found liable for defrauding Fannie Mae and Freddie Mac by selling them thousands of defective loans. | A federal jury in New York on Wednesday also found former Countrywide executive Rebecca Ma...
BofA Said to Face Three More U.S. Probes of Mortgage-Bond Sales The Charlotte Observer NEW YORK Bank of America, sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage-backed securities, according to two people with direct knowledge of the situation. | U...
US court fines HSBC US$2.46 billion over Household International case South China Morning Post HSBC has been ordered by a Chicago court to pay about US$2.46 billion in a class action lawsuit against its former Household International unit for violating federal securities laws, a verdict the British banking giant plans to appeal. | The verdict ...
Obamacare's next hurdle The Los Angeles Times One of these weeks, now that the Obama administration has recruited a SWAT team of computer whizzes, Healthcare.gov will recover from its shambolic debut and turn into, well, just another website. After all, it's only a website, and websites can be fixed. | But that's when a far more interesting chapter in the life of Obamacare will begin. We're ab...
'US spied in Merkel since 2002' BBC News 27 October 2013 Last updated at 05:24 GMT | The German magazine Der Spiegel has published new allegations about US spying on Chancellor Angela Merkel. | Citing secret documents, the magazine says her phone may have been bugged since 2002, and was still on a National Security Agency surveillance list weeks before President Obama visited Germany in J...
