By Dean Starkman – The megabanks are finally feeling the hurt for the depredations of the mortgage era. That’s what the government, and some in the financial press, too, would have us believe. 104 more words
Tags » Financial Crisis
By Mark Gilbert – Germany yesterday (Aug 20) sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016.
Investors, it seems, are willing to forgo income for the safety of stashing their cash in the AAA-rated government debt of Europe’s biggest economy. 19 more words
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NEW YORK (CNNMoney) — On Thursday, the bank reached a $16.65 billion agreement to pay the biggest settlement in history, adding to what was already a hefty bill for the bank. 444 more words
Bank of America isn’t digging too deep to into its pocket to cover its new, $17 billion legal tab.
Hours after the bank made its… 162 more words