The FDIC is changing the way banks pay for insurance, and big banks will soon pay much more than their smaller rivals to protect deposits. Even so, many customers may be better off at large banks, which could start aggressively…
As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …
The SEC subpoenaed several former in-house brokers as part of an investigation of Citigroup (C) debt funds.
The funds in question borrowed heavily and invested in mortgage bonds and municipal bonds, The Wall Street Journal said without naming its sou…
Bank of America, Citigroup and Wells Fargo are among U.S. banks that said in Friday regulatory filings they may incur costs defending lawsuits from investors in their mortgage-backed securities.
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Terra Firma sued Citi, claimed the bank misled into thinking other firms would outbid its own $4.7 billion offer for music company EMI in 2007. Sorry, said the jury in just a few hours.
Continue reading A Jury …