Edvard Pettersson, Author at Providence Business News

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Treasury securities dealers accused of collusion in lawsuit

Economic Activity 07/27/2015

Bank of America Corp., Goldman Sachs Group Inc. and JPMorgan Chase & Co. are among 22 financial companies accused of colluding to manipulate auctions...

BofA, Allstate settle $700 million mortgage securities suit

Economic Activity 04/08/2014

LOS ANGELES - Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities....

AS A U.S. district judge weighs the penalty Bank of America Corp. should pay for the mortgage fraud committed by its Countrywide lending unit before Bank of America acquired the company, the U.S. said it should be made to pay the maximum of $2.1 billion in penalties. / BLOOMBERG FILE PHOTO/JIN LEE

BofA should pay $2.1 billion for mortgage fraud, U.S. says

Financial Services 01/30/2014

WILMINGTON, Del. – Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to...

Bank of America won’t face New York’s Merrill deal damages claim

Financial Services 01/20/2014

NEW YORK - Bank of America Corp. won’t face damages claims related to its 2009 Merrill Lynch acquisition in a lawsuit filed by the...

U.S. DISTRICT JUDGE Mariana Pfaelzer in a Tuesday hearing in Los Angeles gave tentative final approval to Bank of America Corp.'s planned $500 million class-action settlement regarding alleged misleading of investors in 2008 about the quality of its Countrywide unit's mortgage-backed securities. / BLOOMBERG FILE PHOTO/JIN LEE

Countrywide $500 million settlement gets tentative approval

Financial Services 10/29/2013

LOS ANGELES – Bank of America Corp.’s Countrywide unit won tentative final approval of a $500 million securities class-action settlement with investors in its...

BANK OF AMERICA CORP. and Barclays PLC are among the more than a dozen banks being sued for Libor manipulation by the Regents of the University of California. / COURTESY WIKIMEDIA COMMONS

BofA, Barclays sued over Libor by University of California

Financial Services 06/26/2013

LOS ANGELES – Bank of America Corp. and Barclays Plc are among more than a dozen banks sued by the Regents of the University...

BofA says AIG can’t sue over mortgage bonds sold in bailout

Financial Services 01/30/2013

LOS ANGELES - Bank of America Corp. lawyers asked a federal judge to dismiss American International Group Inc.’s fraud claims over devalued Countrywide Financial...

THE BANK OF AMERICA CORP. may limit its exposure to claims by Countrywide Financial mortgage-backed securities investors after a federal judge says she should not have allowed some of the claims to proceed two years ago. / BLOOMBERG FILE PHOTO/DANIEL ACKER

BofA wins on limitations of Countrywide securities lawsuits

Financial Services 11/27/2012

LOS ANGELES - Bank of America Corp. may limit its exposure to claims by Countrywide Financial mortgage-backed securities investors after a federal judge said...

Bank of America wins dismissal from Allstate Countrywide suit

Uncategorized 02/03/2012

LOS ANGELES - Bank of America Corp. won dismissal from Allstate Corp.’s lawsuit over the insurer’s alleged losses from $700 million in mortgage-backed securities...