When Countrywide Financial created deeply flawed mortgage-backed securities, it wasn’t just selling bad financial products: It was breaking its contracts. Now some ordinary investors are suing Countrywide’s buyer, Bank of Ameri…
It’s hard to make huge changes in your spending habits all at once. To reach your new year’s resolution to manage your finances better, try small steps instead. Financial experts offer 10 easy suggestions that could help you sp…
Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages.
Bank of America has been in talks with investors including Pacific Investment Management Co (Pimc…
With analysts expecting the stock market to rally, investors are feeling bullish. But are they too bullish? High investor confidence has often signaled a market turn for the worse in the past. Other indicators also show cause f…
The European Central Bank left interest rates unchanged for a 20th straight month.
Officials at the ECB in Frankfurt left the benchmark lending rate unchanged at 1%, Bloomberg News reported. The move was widely forecast by analyst and economists.
A…