Criminal charges expected for alleged mispricing of mortgage-related securities that resulted in a $2.8bn writedown by the bank at the height of the financial crisis
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Ex-Credit Suisse traders face US charges
A former Stanford banker told the trial of Allen Stanford, the Texas banker accused of running a $7bn Ponzi scheme, that she was not aware the bank was investing client money in real estate, as alleged by prosecutors
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Stanford accused of making up figures
Isabelle Ealet, the bank’s global commodities head, is promoted to co-head its securities division
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Commodities trading loses its Goldman queen
Auditor is severely reprimanded for its failure to discover that billions of dollars of client money had not been ringfenced properly at the bank
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PwC fined £1.4m for audit failure
How about these resolutions for a consumer headaches-free year? Chicago Sun-Times The links on these e-mails are run by scam artists. ♦ I'll also ignore those scam e-mails that pretend to come from my bank, credit union, insurance company, credit issuer, etc., and which ask me to provide personal and financial information. … and more
The shares are trading at 38 per cent of tangible book value, meaning investors either do not believe the value of the bank’s assets or fear it is understating its liabilities
At 5.4 per cent, the bank was able to obtain the lowest coupon rate on 30-year debt in dollars sold by a US bank since at least since 1995
Police: Fla. Man Caught Running Auto Repair Con Game On 80-Year-old Nanuet Man Patch.com Police said Laray agreed with the victim to meet on Saturday to complete the work . When the victim arrived home on Friday, police said he was suspicious and checked with the bank and was told $956 was withdrawn from his account. … Fla. man accused of bilking 80-year-old of $956 The Journal News | LoHud.com all 3 news articles
US markets open lower after Mario Draghi lowered expectations that the bank will accelerate its sovereign bond buying programme
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US stocks stuck on eurozone
Court refuses to accept no admission of wrongdoing in the regulator’s deal with the US bank to resolve allegations the bank mislead buyers of a mortgage-related security
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Citigroup’s SEC settlement rejected
Evictions don't take a holiday Chicago Sun-Times Since then, Griffin said, she and her sisters have struggled with banks and other players in the home mortgage industry. First, they worked directly with the bank, Griffin said, but because of the paperwork problem, the bank wouldn't work with her. … and more
The positions will be eliminated in the bank’s securities and banking division, with up to 3,000 jobs potentially on the line
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Citigroup to cut at least 900 jobs
Contact 13 Investigates What's Bank of America's role in alleged rental scam ? KTNV Las Vegas “I didn't want to come home to our home with a lock on it with my children,” says the mother of two. “So we made the decision to leave the home and try to work with the bank out of the home .” That was February of 2010 and Robin says they don't know any …
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Contact 13 Investigates What’s Bank of America’s role in alleged rental scam? – KTNV Las Vegas
Law firm that brokered BofA settlement involved, alleging the bank misled investors and failed to properly service mortgages owned by investors
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Morgan Stanley accused over mortgage bonds
Banks do not do business using txt messages and it is a scam . DO NOT send any information. If you receive txt or … I presume, because you haven't mentioned that you are concerned about it being a scam that you actually applied to the bank for a loan? To answer your question then, no, conditional … u_wish_i_would_talk_2_u on Why did Bush persist in pushing Fannie /Freddie to give loans to low-income/unqualified borrowers? ZonieGirl on Why did Bush persist in …
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i was conditonally approved for a personal loan? » Online Loan Firm
The justice department and New York accused the bank of fraudulent pricing by purchasing and selling foreign exchange at the worst daily rate
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BNY Mellon sued over currency rates
88-Year-Old Woman Loses $20000 in 'Grandson Scam ' Patch.com The money, while always sent to Spain, was sent to four different people during the eight transactions. Family members of the victim came to the bank and accompanied her home . The Brown Deer woman is not alone in falling for the “grandson scam .”
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88-Year-Old Woman Loses $20000 in ‘Grandson Scam’ – Patch.com
Spencer Mindlin allegedly tipped off his father about the bank’s hedging trades pegged to an exchange traded fund
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SEC charges ex-Goldman Sachs trader
Kweku Adoboli used fictitious counter-trades to cover loss-making positions, the bank alleges, the same tactic used by a trader at SocGen in 2008
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UBS says trader hid loss with fake deals
The workforce reduction amounts to nearly 10% of the bank’s global employees and is the year’s largest announcement by a US company
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BofA to cut 30,000 jobs as US economy falters
Also opposing the Bank of America MBS settlement is the Federal Housing Financing Agency, which is the overseer of Freddie Mac and Fannie Mae. The federal agency submitted its “conditional objection.” Recently, six …
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FDIC Objects to Bank of America's … – Stock Broker Fraud Blog
Call from Grandson Needing Help Could be a Scam Patch.com The Work at Home Scam — You're asked to pay Google or Yahoo $2 for a work -at- home kit. Sounds reasonable, but what you're really doing is authorizing a monthly charge to your bank account or credit card — usually to the tune of about $80. … and more
David Akers Reportedly Lost $3.7 Million in Ponzi Scheme Larry Brown Sports Many of the brightest on Wall Street got taken by Madoff. Sure, there's a swindler everywhere. But your dumb ass commentary about David Akers being a fool by not putting his money in the bank….no wonder why you are an internet journalist. … and more
Bank of America Corp. has agreed to sell part of its home-loan portfolio to government-controlled housing giant Fannie Mae, as the bank looks to shed assets and pare its exposure to an array of mortgage woes.
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CLEAN UP ISLE 1 | BofA Sells Part of Mortgage Portfolio to Fannie Mae
The complaint seeks $491m in damages for the bank’s allegedly misleading two credit unions in their purchase of mortgage securities
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US credit union regulator sues Goldman
Bank of America shares dropped as much as 17.8 per cent as it faced the prospect of a $10.5bn suit from after American International Group over claims the bank sold it more than $28bn of residential mortgage-backed securities in transactions ‘marred by fraud’
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AIG to sue BofA for $10.5bn
Bank of America told investors that its liabilities for mortgage repurchases from Fannie Mae and Freddie Mac could be worse than expected as the two companies become “more rigid” in dealing with the bank. …
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Bank Of Amerika's Liabilities BIGGER Than Expected …
So after looking at a dozen or so homes over a couple weekends, we found the home of her dreams; a Fannie Mae Homepath bank repo in Sacramento. We made an offer immediately, and after a few days it was accepted by the bank! …
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Sacramento Scam Fraud MortgageClose Loan Lending Retainer Advance …
Daily Mail Goldman Sachs workers each to take home £300000 for a year in which the bank … Daily Mail Earnings have halved since the start of the year after the Wall Street giant failed to protect itself against the massive turbulence on financial markets. Goldman admitted that it had 'underperformed' its rivals amid the mounting crisis in the … and more
Second-quarter earnings miss estimates as the bank was hit by a slowdown in trading and reduced its risk exposure to torrid markets
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Goldman earnings disappoint
Move follows 12 per cent decline in shares, the largest one-day fall in the bank’s history after reports a third managing director had left
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Greenhill rushes out results to calm investors
More shocking real-estate scams MarketWatch The buyer was told these loan officers could work around his credit problems, but not if he asked for them by name at the bank branch. A case of identity theft facilitated by forwarding a customer's home phone calls to an overseas cell phone number. … and more
A former vice-president in Citigroup’s finance department was arrested and charged with embezzling $19m from the bank
JPMorgan Chase’s $153.6m settlement with the US SEC resolves one important legal issue confronting the bank and its shareholders
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JPMorgan facing further claims
David Lowman, JPMorgan Chase’s mortgage chief, will leave the group following a series of mis-steps at the bank that included overcharging active-duty military personnel
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Mortgage chief to quit JPMorgan after loan problems
Goldman Sachs was subpoenaed by Manhattan prosecutors seeking details on its conduct during the financial crisis, opening a fresh legal front for the bank
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NY prosecutors probe Goldman on crisis
A group of hedge funds and pension funds opposing the Lehman estate’s bankruptcy plan have asked the court to force Lehman’s other creditors to reveal their current holdings of the bank’s debts
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Call for Lehman creditors to reveal positions
Jean-Claude Trichet’s term as ECB president expires on October 31, 2011. Mario Draghi, former managing director of Goldman Sachs International and current head of Bank of Italy will take over from Trichet. Via Google Translate, please consider The European finance ministers on Monday elected as president of the ECB Draghi Economic ministers of the eurozone on Monday to elect the current governor of the Bank of Italy, Mario Draghi as the new chairman of the Central Bank (ECB) to replace …
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EU ministers to Announce on Monday: Mario Draghi, Bank of Italy Governor and Ex-Goldman Managing Director, to replace Jean-Claude Trichet
US prosecutors are going through the findings of a Senate probe that the bank misled clients buying mortgage-related securities, says Eric Holder, the US attorney-general
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DoJ reviews Goldman Sachs report
New phone scam making rounds targets area seniors Hometownlife.com Get off the phone and call your grandchild's home , school or work to verify what you've been told. Don't wire money. If a caller asks for your bank account number or urges you to wire money for any reason, it's likely a scam . Cons prefer wire transfers …
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New phone scam making rounds targets area seniors – Hometownlife.com
Sounds like the NEW WORLD ORDER is trying to legitimize some more DIGITIZED COUNTERFEITING. CITI BANK is going to be the newest WORLD BANK/IMF/NWO proxy in which to scam the world with some more DIGITIZED PIGS AND CRAP.. Reply. AliceN. Wunderland says: …. The undeniable PROOF of the MORTGAGE FRAUD that is in the whole of our FAKE LOANS which started with FANNIE /FREDDIE at the ORIGINATION FRAUD is what needs to be known NATIONWIDE. The DOJ was on Squawk on CNBC this …
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CNBC Video | Let's Bulldoze The Foreclosed Homes Because the …
Strong revenues in the bank’s newly created investments and lending arm saw lift first-quarter net income above Wall Street’s expectations
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Goldman results overcome regulations
For the first time in 40 years, the European benchmark rate has risen before the US. ECB president Jean-Claude Trichet is concerned about wage growth fueling inflation. There may be reasons to hike, but wage growth is not one of them. For starters, the only place wages are likely to rise is Germany. Secondly, the idea that wage growth causes inflation is potty. After months of denial, Portugal is asking for a bailout. The next step is negotiating the terms. Like the Fed, the Bank of …
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Trichet Hikes, Two More Expected; Bank of England Holds; Fundamental Factors Affecting Currencies; Is Trichet’s Move the Right Move?
The US Department of Justice has asked a federal judge to force HSBC to reveal the names of thousands of the bank’s wealthy clients who are suspected of tax evasion in the US
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HSBC drawn into US tax pursuit
Goldman Sachs doubled Lloyd Blankfein’s annual bonus for 2010, awarding the chief executive $18m in cash and stock for steering the bank through one of the most tumultuous years in its history
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Goldman doubled CEO bonus for 2010
JPMorgan Chase is in settlement talks to end a US regulator’s inquiry into how the bank marketed a mortgage-linked security
António Horta-Osório to remove obstacles to sale of retail branches and set customer service targets after the bank topped a list of financial institution complaints
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New chief at Lloyds to tackle key issues
Peter Hoss, Scam of the month: Don't trust structured products Monterey County Herald It may work as represented if the bank guesses right. However, if the Standard & Poor's index falls below 30 points, there is no return and the investor can lose the entire investment. The bank keeps the funds. In effect, an investor who buys a …
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Peter Hoss, Scam of the month: Don’t trust structured products – Monterey County Herald
In a sector as competitive as UK investment banking, it is unsurprising that the recent departures of two senior figures from the bank has led some rivals to speculate that the old guard may be changing
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JPMorgan Cazenove shrugs off departures
Goldman Sachs said it could rack up as much as $3.4bn in losses from the various regulatory and legal proceedings the bank faces following the financial crisis
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Goldman faces legal bill of up to $3.4bn