Posted by Reuters: Business News on February 3, 2012
NEW YORK (Reuters) – New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings.
Posted by Reuters: Business News on February 1, 2012
(Reuters) – A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Posted by Reuters: Business News on
(Reuters) – A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
Posted by Reuters: Business News on January 30, 2012
WASHINGTON/CHARLOTTE (Reuters) – State and federal officials are close to a settlement with the largest U.S. banks over mortgage abuses, with states facing an end-of-the-week deadline to decide whether they will sign on, people close to the talks said.
Posted by Reuters: Business News on
NEW YORK (Reuters) – Stocks extended losses on Monday, with all three major indexes falling more than 1 percent.
Posted by Reuters: Business News on January 26, 2012
NEW YORK (Reuters) – U.S. stocks pared gains on Thursday, with the S&P 500 and Nasdaq Composite negative in morning trading as bank and technology sector shares weighed.
Posted by Reuters: Business News on January 24, 2012
ZURICH/LONDON (Reuters) – Swiss-based oil refiner Petroplus is filing for insolvency, putting over 2,000 jobs across Europe at risk, after banks called in debts, triggering a $1.75 billion default.
Posted by Reuters: Business News on January 20, 2012
MILAN (Reuters) – The 7.5 billion euro ($9.7 billion) rights issue by UniCredit SpA looks set to be almost entirely taken up, allowing it to meet tougher capital requirements being imposed on the euro zone’s beleaguered banks.
Posted by Reuters: Business News on January 19, 2012
NEW YORK (Reuters) – U.S. stocks rose on Thursday, putting the S&P on track for its third straight advance after earnings from Bank of America and Morgan Stanley lifted financials and strong demand at European bond auctions eased concerns over Europe.
Posted by Reuters: Business News on January 11, 2012
NEW YORK (Reuters) – The New York state’s financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
