Financial Services
642 results total, viewing 51 - 60
Bank of America Corp.’s Merrill Lynch unit must face a lawsuit filed by two trusts that hold and administer mortgages on behalf of investors who own more than $1 billion worth of securities collateralized by the loans. more
A financial analyst who follows TD Bank Group believes that a possible bid by the Canadian bank for the Royal Bank of Scotland’s U.S. subsidiary could face several roadblocks, the Philadelphia Business Journal reported Tuesday. more
BayCoast Bank has acquired Newport Financial Corp., which will operate as an affiliate of the bank under the name of NFC Mortgage, according to BayCoast Bank Senior Vice President Jim Rice. more
Bank of America Corp.’s Countrywide unit sold thousands of bad loans, defrauding Fannie Mae and Freddie Mac out of more than $1 billion in mortgages, prosecutors said at the start of a federal trial. more
As chairman and CEO of RBS Citizens Financial Group since Oct. 1, Bruce Van Saun has the eyes of the international financial community on him, with industry analysts studying his statements and actions for clues as he prepares for the bank’s announced 25 percent IPO, now targeted for the fourth quarter of 2014. more
The “Gordian knot” of the foreclosure crisis, as former Bank Rhode Island President and CEO Merrill W. Sherman described the glut of homeowners defaulting on underwater mortgages last year, appears to be loosening. more
Two members of Providence Equity Partners Inc.’s European team in London have left, according to three people with knowledge of the matter. more
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two years after the lender struck the deal to resolve claims over home loans bundled into securities. more
U.S. Bancorp and Fifth Third Bancorp are among five potential bidders for Chicago branches being sold by Citizens Financial Group Inc., people with knowledge of the matter said. more
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