Angelo Mozilo, the former CEO of Countrywide Financial, is in talks with the SEC about a possible deal that could let him avoid standing trial for fraud charges, The Wall Street Journal said.
Talks between Mozilo, two other former executives and the …
Angelo Mozilo, former CEO of Countrywide Financial, must face trial on charges he misled investors about the risks associated with subprime lending, a judge in Los Angeles ruled.
U.S. District Judge John F. Walter denied reques…
The financial crisis was produced by a complex set of circumstances, including a massive housing bubble, poor regulation and irresponsible lending on an epic scale. A handful of bankers became the public faces of the crisis, an…
The nation’s largest bank is reportedly considering a plan to sell or wind down several non-core assets that could be worth more than $100 billion. Bank of America collected $10 billion in the second quarter after the sale of s…