A North Carolina federal judge has approved a $12.8 million settlement to resolve a proposed class action accusing Merrill Lynch of shortchanging financial advisers. Read more
Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were among the banks that have agreed to pay a $324 million settlement. Read more
Bank of America and a proposed class of millions of checking account holders have reached a $27.5-million settlement resolving claims that the bank improperly imposed overdraft fees on autho... Read more
There is a class-action lawsuit in Montana by Volkswagen owners that has a different twist. Read more
Bank of America promised purchasers of its mortgage-backed securities that it would buy them back if there were title problems in the underlying mortgages. The bank was later hit with billio... Read more
Bank of America has paid $180 million in a settlement to resolve claims it helped rig the foreign exchange market. The Charlotte-based bank disclosed the settlement amount in a securities fi... Read more
Bank of America Corp. and U.S. Bancorp have agreed to pay $69 million to settle a class action lawsuit over their role as trustee for mortgage-backed securities containing shoddy loans issue... Read more
The Second Circuit Court of Appeals last month approved Bank of America Corp.’s record $2.4 billion securities class action settlement over its merger with Merrill Lynch & Co. at t... Read more
A recent class action lawsuit was filed last month by the small Alaska Electrical Pension fund against several major banks, including Bank of America Corp. The banks were accused of conspiri... Read more
We have published several articles in the last couple of years about the fraudulent conduct surrounding mortgage-backed securities (MBS). The scandal has resulted in billions of dollars in s... Read more
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