Some big investors, including Pacific Investment Management Co. and the Federal Reserve Bank of New York, want to force the largest U.S. bank, by assets, to buy back as much as $47 billion in mortgage-related bonds.
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Morgan Stanley is expected to report sharp declines in third-quarter earnings and revenue ahead of Wednesday’s opening bell, hurt by months of weak trading activity. The financial giant is forecast to post earnings of 15 cents …
The consumer advocates at the Center for Responsible Lending have released a checklist of tough questions people should ask their banks to make sure their needs are being met — and and to ensure they aren’t paying unnecessary …
The nation’s largest bank reported a third-quarter net loss of $7.3 billion due to a $10.4 billion goodwill charge. Excluding that, Bank of America’s adjusted net income of $3.1 billion trounced expectations.
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Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the foreclosure process on properties in all 50 states. The foreclosure halt came amid concerns that company executives may have…