Judge Orders Bank of America to Pay $540 Million in FDIC Lawsuit April 15, 2025 By Jonathan Stempel A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing...
Bank of America Scraps Diversity Goals in Latest Wall Street DEI Retreat February 26, 2025 By Katherine Doherty Bank of America Corp. is rolling back workplace representation targets and replacing references to diversity, joining peers in citing legal...
‘Hardening’ Property Catastrophe Market Enters ‘Hard’ Market Phase: Bank of America October 12, 2022 By L.S. Howard European reinsurers will miss their earnings targets in 2022 – for the sixth year in a row – which is...
16 Wall Street Firms Fined $1.8B for Talking Deals, Trades on Personal Apps September 28, 2022 By Michelle Price U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley...
New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Ex-Bank Official in Massachusetts Gets Year in Prison for $1.5M Embezzlement May 17, 2021 A former Bank of America manager who pleaded guilty to embezzling $1.5 million from a company that did business with...
Alex and Ani Jeweler Alleges Lending Gender Bias by Bank July 29, 2019 By Chris Dolmetsch, Bloomberg and Polly Mosendz A few short years ago, jewelry maker Alex and Ani LLC was the public example of a happy Bank of...
Danish Prosecutors Charge Danske with Alleged Money Laundering Violations November 29, 2018 Denmark’s state prosecutor has filed preliminary charges against Danske Bank for alleged violations of the country’s anti-money laundering act in...
UK Companies’ Role in Alleged Danske Money Laundering a ‘Disgrace’: Whistleblower November 21, 2018 By Jacob Gronholt-Pedersen British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought...
Update: Danske Whistleblower Says U.S., European Banks Helped Launder Money November 19, 2018 By Teis Jensen and Jacob Gronholt-Pedersen The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process...