A former seven-year Bank of America employee alleges in a series of leaked documents that a Bank of America subsidiary, Balboa Insurance, engaged in scams involving insurance policies known as force-placed insurance.
Despite all the media fervor over WikiLeaks massive document dump of decades of U.S. diplomatic correspondence, the leaked material hasn't revealed anything new. But while it may not harm national security, the leak could deal a serious blow to mainstream efforts to increase government transparency.
Enbridge Inc. (ENB) closed another pipeline after spotting a possible leak in New York.
It%u2019s the third pipeline Enbridge has closed since July, following leaks in Illinois and Michigan, The Associated Press reported.