Yet another problem has begun surfacing in the documents banks have been using to foreclose on homes: false notarizations. Notaries have been attesting legally to signatures they didn’t witness, sometimes by people who didn’t a…
Citigroup on Wednesday announced the promotion of John Havens, the head of its Institutional Clients Group, to president and chief operating officer. The move is designed to make the financial behemoth nimbler by cutting the nu…
As big banks start reporting earnings, JPMorgan CEO Jamie Dimon is the latest exec to talk about dividends. Overall, Wall Street is expecting the big banks to post strong results, including improved credit quality and increased…
A top Massachusetts court has criticized banks for their “carelessness” during the securitization of mortgages in the state. But interests supporting the banks have issued their own messages — trying to minimize the court’s de…
Standard & Poor’s is revamping its credit rating methodology for banks and financial institutions in a way that may cause about 40% of rated banks to get a downgrade, The Wall Street Journal reported Tuesday.
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