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Judge in Citigroup case has bucked trend of rubber stamping SEC settlements

SEC has long history of settling cases without requiring companies to admit guilt

Excerpts from this story referencing "Bank of America":

"… ge Rakoff “reluctantly” approved a $150 million agency settlement with Bank of America over its Merrill Lynch acquisition, after having rejected an earlier, smal …"

"… at looks like what happened when Judge Rakoff eventually signed off on the Bank of America case — some kind of statement of facts, significantly enhanced procedure …"

Management gurus claim they were blindsided by toxic culture at Countrywide

By Michael Hudson

Survey showed Countrywide suffered from bad ethics, bad management, ex-employee says

Excerpts from this story referencing "official":

"… ched.As the case was being argued, Bank of America denied that Countrywide officials mistreated Niemela.The bank’s lawyers hit hard against Niemela in legal …"

"… Former Countrywide chief executive Angelo Mozilo and other former company officials, meanwhile, have disputed allegations that senior management bullied empl …"

"… a $3.8 million verdict, upholding his claims that Mozilo and other senior officials had punished him for standing up against management misconduct. …"

"… t want to hear that.”She got the same reaction, she says, from one top official when she passed on concerns about how low-level employees were being treat …"

New whistleblower cases allege continued bank fraud

By Amy Biegelsen and Emma Schwartz

Mortgage modifications and appraisal processes in question

Excerpts from this story referencing "Bank of America":

"… t with five major lenders.  A suit unsealed March 7 alleges that Bank of America fraudulently misled borrowers and regulators in order to keep customers ou …"

"… ted.As a condition of accepting $45 billion from the federal bank bailout, Bank of America promised to help move troubled borrowers into the taxpayer subsidized Home …"

"… gory Mackler, formerly an employee of Urban Lending Solutions, the company Bank of America contracted to manage HAMP complaints.Mackler claims the company developed …"

"… were eligible for federally subsidized loan modifications.The suit claims Bank of America:Told borrowers and regulators that a complaint was “under review” whil …"

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Countrywide whistleblower chosen for Ridenhour award

By Michael Hudson

Countrywide whistleblower chosen for Ridenhour award for truth-telling in the public interest.

Excerpts from this story referencing "Bank of America":

"… gainst workers who raise questions about fraud or other problems. …"

"… former top mortgage fraud investigator at Countrywide Financial Corp. and Bank of America, was one of the five people honored with Ridenhour Prizes this week. …"

"… nt documents.  The U.S. Department of Labor ruled last year that Bank of America had improperly fired Foster for leading internal investigations that “re …"

"… pay her some $930,000.Foster, who worked first at Countrywide and then at Bank of America after it acquired Countrywide in 2008, claimed that Countrywide executives …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "Bank of America":

"… oldman Sachs and Citigroup; $150,000 from Morgan Stanley and $100,000 from Bank of America.Most of the banks and other institutions that made contributions to the co …"

Mel Watt enjoys close ties to financial industries

By Alison Fitzgerald

Bank leaders, PACs made prospective housing agency leader a top recipient of campaign cash.

Excerpts from this story referencing "Bank of America":

"… the last election cycle, the political action committees of Goldman Sachs, Bank of America and Wells Fargo each gave Watt’s campaign $10,000. Bank of America …"

"… Bank of America and Wells Fargo each gave Watt’s campaign $10,000. Bank of America and Goldman each gave an additional $5,000 to Watt’s leadership PAC. Wa …"

"… es Committee and he represents the Charlotte, N.C., area, which is home to Bank of America and was home to Wachovia, until it failed and was purchased by Wells Fargo …"

"… former CEO Franklin Raines chipping in $1,500 to help Watt keep his seat. Bank of America, Watt’s hometown bank that got a government bailout after buying money-l …"

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Reform Roundup: What the foreclosure lawyers did edition

It’s foreclosure Friday at Financial Reform Watch as we take a closer look at one of the groups responsible for the latest scandal to engulf

Excerpts from this story referencing "Bank of America":

"… ts a day. The employee quickly earned the nickname “robo-signer.”Next, Bank of America, JPMorgan Chase and GMAC caused bank stocks to swoon after each suspended …"

Credit union study of swipe costs adds confusion to debit fee battle

By Amy Biegelsen

Big credit unions say processing costs 2 cents per swipe, lower than Fed's planned 12-cent cap

Excerpts from this story referencing "Bank of America":

"… d block the plan; executives with Wells Fargo & Co.; and from PACs for Bank of America and Discover Financial Services.American Bankers Association President Fra …"

Reform reading: Will Warren aide fill top job at new consumer agency?

By Shirley Gao

Reform reading: Will Warren aide fill top job at new consumer agency?

Excerpts from this story referencing "Bank of America":

"… s being ineffective and too soft on participating mortgage servicers. Bank of America, JP Morgan Chase & Co., and Wells Fargo failed to meet HAMP requiremen …"

International regulators order mega-banks to boost capital to 9.5 percent

By Shirley Gao

International regulators order mega-banks to boost capital to 9.5 percent

Excerpts from this story referencing "Bank of America":

"… percent requirement, bringing their capital up to 10.5 percent.That means Bank of America, Citigroup, and JPMorgan Chase & Co. will need a combined $150 billion …"

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