The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called “stre…
Bank of America and Wells Fargo were among banks that tightened credit standards for mortgages insured by the Federal Housing Administration in a move that may put a crimp in the U.S. housing recovery by effectively eliminating…
In a Senate hearing Tuesday, Bank of America vowed to improve its foreclosure operations to avoid more “robo-signing” documentation problems. The bank halted foreclosures in October amid allegations of faulty paperwork and did …
Flawed foreclosure paperwork could inflict huge losses on the nation’s top banks and spread chaos through the housing market, according to a congressional report.
Accusations that major mortgage lenders including Bank of America Corp. (BAC), used fla…
U.S. Bancorp agreed to pay as much as $35 million in cash for Bank of America’s securitization trust administration units in the U.S. and Europe. The deal is part of the U.S. Bank parent company’s efforts to expands its corpora…