The amount of insurance-linked securities outstanding may reach $150 billion by the end of 2018 as institutional investors including pension funds search for yield, Bank of New York Mellon Corp. said in a report. Of the total insurance-linked securities market, …
Florida’s highest court has ruled a homeowner cannot re-open a voluntarily dismissed foreclosure case despite allegations that the bank falsified documents, giving a win to banks in a closely watched ruling that could have affected thousands of cases in a …
Bank of America Corp. won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court. Bank of America, the nation’s …
Investors want to lift the “shroud of secrecy” over the proposed $8.5 billion settlement of Bank of America Corp.’s mortgage-backed securities liability in the coming weeks, a lawyer said last week. Dan Reilly, a Colorado lawyer representing American International Group …
