JPMorgan Sued by California Over Credit Card Robosigning by DailyFinance Staff May 10th 2013 9:16AM JPMorgan Chase has been sued by the state of California for allegedly using robo-signing and other illegal practices to collect debts from 100,000 credit card holders.
Court: U.S. Can Pursue Case Against BofA Over Mortgages by Reuters May 8th 2013 3:35PM A federal judge rules that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac.
BofA, MBIA Reach Settlement in Mortgage Dispute by Reuters May 6th 2013 3:00PM Bank of America agrees to pay MBIA $1.6 billion to settle a dispute over soured mortgage securities issued during the U.S. housing boom.
JPMorgan Faces Federal Probe Over Energy Trading 'Schemes' by Eamon Murphy May 3rd 2013 11:35AM The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
JPMorgan Facing Multiple Federal Investigations by DailyFinance Staff May 3rd 2013 9:15AM At least eight federal agencies are reportedly investigating JPMorgan Chase for a broad variety of misdeeds, from improper debt collection to staying quiet on Bernie Madoff.
Pope Hints at Changes to Scandal-Ridden Vatican Bank by Reuters Apr 25th 2013 11:03AM Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's administration.
Morgan Stanley Profit Falls, But Beats Wall Street Expectations by The Associated Press Apr 18th 2013 7:55AM Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
Bank of America to Pay $500M to Settle Investor Lawsuit by The Associated Press Apr 18th 2013 6:36AM Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
