Bank of America
Aug 21, 2014 — The nation's second-largest bank has agreed to pay nearly $17 billion to settle allegations that it misled investors into buying toxic mortgage-backed securities.
Aug 6, 2014 — The bank would pay between $16 billion and $17 billion for alleged mortgage-related abuses, according to a source familiar with the talks. A final announcement could come next week.
Jul 30, 2014 — A jury had found the bank liable for fraud related to mortgages sold by its Countrywide Financial unit last October. Bank of America may appeal.
Jan 1, 2014 — An ATM that lets you video chat with a teller hundreds of miles away? It's part of an effort by the banking industry to cut costs: The more ATMs can do, the less banks have to spend on tellers and real estate. But in-person branches still remain the best way for banks to get new business.
Oct 23, 2013 — The verdict in the month-long trial is considered a rare win for the Justice Department in a case stemming from the housing crisis.
Aug 6, 2013 — The government alleges Bank of America mislead investors in the lead-up to the housing bust. The suit covers about $850 million worth of mortgage-backed securities from 2008.
Jun 18, 2013 — Six former employees and one contractor say Bank of America's mortgage servicing unit consistently lied to homeowners, fraudulently denied loan modifications and offered bonuses to staff for intentionally pushing people into foreclosure, according to a Salon.com report.
Jan 7, 2013 — The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses.
Sep 28, 2012 — Disgruntled investors alleged that the bank misled them about its acquisition of Merrill Lynch. The bank has not admitted doing anything wrong, but is moving to put the lawsuit behind it.
Dec 30, 2011 — Verizon said it was scrapping its plans because of customer feedback. The fee caused an uproar on the Internet.