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Lawsuit: Merrill Lynch Did Same Deal as Goldman
Pro Publica has reported that Goldman Sachs wasn't the only bank hawking built-to-fail mortgage investments, and now it has emails accusing Merrill Lynch of the practice. The Dutch bank Rabobank is...
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Hong Kong Fines Merrill Lynch for Concealed Losses
Hong Kong regulators have fined two units of Merrill Lynch $450,000 after an executive's concealment of losses in a trading account went undetected by the investment bank for nearly a year, Hong Kong...
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How Banks' Fake Daisy-Chains Led to Meltdown
An extensive ProPublica investigation reveals what it calls “one of the greatest episodes of self-dealing in financial history.” Banks, most notably Merrill Lynch, set the stage for the economic...
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Banks to Pay SEC for Financial Crisis Fraud
A number of top Wall Street banks are on the verge of settling fraud allegations with the SEC for the mortgage-bond shenanigans that led to the financial crisis, sources tell the Wall Street Journal ....
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AIG Sues Bank of America in Attempt to Recover Billions
With the Justice Department filing few criminal charges related to the financial crisis, AIG is taking action of its own: The mostly taxpayer-owned firm is preparing to sue Bank of America for...
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Feds to Bank of America: Get Your Act Together
Federal regulators have warned Bank of America’s board that the bank will face a public enforcement action if it doesn’t take steps to fix its corporate governance, risk management, and liquidity,...
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Bank of America Is a Crime Syndicate
Matt Taibbi gives Bank of America the " vampires squid " treatment today, savaging "the ultimate Too Big to Fail bank" as "a hypergluttonous ward of the state whose limitless criminal conspiracies...
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A First for US Public Pension Fund: Bankruptcy
It's a high-profile milestone out of a not-so-high-profile place. The Northern Mariana Islands' public pension fund sought bankruptcy protection last month, a notable move in that it's the first such...
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BofA Hid Merrill Losses Before Purchase
More than three years after Bank of America's $50 billion takeover of Merrill Lynch went horribly awry , leading to a second mammoth taxpayer bailout of $20 billion, a shareholder lawsuit against the...
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Bank of America to Pay $2.43B in Merrill Lynch Settlement
Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch. The lawsuit was filed on behalf of investors that bought or held...
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Bank of America Intern Dies After 3 All-Nighters: Sources
A 21-year-old intern at Bank of America in London had reportedly worked 72 hours straight when he collapsed in the shower and died, according to the Independent and other sources , which are citing...
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BofA, Feds Near Biggest Settlement in US History
Bank of America is headed toward the biggest settlement to arise from the 2008 financial crash, a deal with the Justice Department reportedly worth $16 billion to $17 billion over its role in the sale...
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Goldman Sachs to Interns: Take It Easy, Go Home at 12am
When Moritz Erhardt, a 21-year-old Bank of America intern in London, died two years ago after reportedly putting in 72 hours straight at work, the banking industry turned the spotlight on its...
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AIG Sues Bank of America in Attempt to Recover Billions
With the Justice Department filing few criminal charges related to the financial crisis, AIG is taking action of its own: The mostly taxpayer-owned firm is preparing to sue Bank of America for...
View ArticleClik here to view.
Feds to Bank of America: Get Your Act Together
Federal regulators have warned Bank of America’s board that the bank will face a public enforcement action if it doesn’t take steps to fix its corporate governance, risk management, and liquidity,...
View ArticleClik here to view.
Bank of America Is a Crime Syndicate
Matt Taibbi gives Bank of America the " vampires squid " treatment today, savaging "the ultimate Too Big to Fail bank" as "a hypergluttonous ward of the state whose limitless criminal conspiracies...
View ArticleClik here to view.
A First for US Public Pension Fund: Bankruptcy
It's a high-profile milestone out of a not-so-high-profile place. The Northern Mariana Islands' public pension fund sought bankruptcy protection last month, a notable move in that it's the first such...
View ArticleClik here to view.
BofA Hid Merrill Losses Before Purchase
More than three years after Bank of America's $50 billion takeover of Merrill Lynch went horribly awry , leading to a second mammoth taxpayer bailout of $20 billion, a shareholder lawsuit against the...
View ArticleClik here to view.
Bank of America to Pay $2.43B in Merrill Lynch Settlement
Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch. The lawsuit was filed on behalf of investors that bought or held...
View ArticleClik here to view.
Bank of America Intern Dies After 3 All-Nighters: Sources
A 21-year-old intern at Bank of America in London had reportedly worked 72 hours straight when he collapsed in the shower and died, according to the Independent and other sources , which are citing...
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