The US Court of Appeals for the Ninth Circuit on Thursday dismissed a lawsuit against several banks, including Bank of America (BOA) and Wells Fargo & Company , alleging that banks engaged in price-fixing...
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Federal judge refuses to dismiss shareholder lawsuit against Bank of America
A judge for the US District Court for the Southern District of New York (SDNY) on Wednesday rejected a motion by Bank of America (BOA) to dismiss a shareholder lawsuit alleging BOA's purposeful concealment of...
UK legislation approved parliamentary probe into banking industry
British legislators on Thursday approved a parliamentary inquiry into the country's banking industry. The 330 to 226 vote came two days after Prime Minister David Cameron announced that he would initiate the parliamentary...
US Bancorp , one of the 10 largest banks in the US, on Monday announced that they have agreed to a $55 million settlement to resolve lawsuits by customers who sued over excessive overdraft fees. The settlement is...
SunTrust Mortgage agrees to settle discrimination case for $21 million
SunTrust Mortgage, Inc. agreed on Thursday to a $21 million settlement with the US Department of Justice (DOJ) for discrimination in the pricing of mortgage loans. DOJ had filed a suit against the...
JPMorgan wins court approval for settlement on overdraft fees
A senior judge for the US District Court for the Southern District of Florida approved a settlement agreement on Thursday between JPMorgan Chase & Co. (JPMC) and more than one million litigants...
Bank of America to pay $335 million to settle discriminatory lending claims
The US Department of Justice (DOJ) announced Wednesday that Bank of America (BOA) has agreed to pay a record $335 million to settle claims that its subsidiary, Countrywide Financial, discriminated against Hispanic and...
Bank of America to pay $315 million to settle investor claims of deception
Bank of America (BOA) agreed Monday to pay $315 million in a settlement of claims brought by investors alleging they were misled with respect to mortgage-backed investments. Court papers disclosing the settlement agreement were filed...
Federal judge gives final approval to Bank of America overdraft fee settlement
A senior judge for the US District Court for the Southern District of Florida on Monday gave final approval to a $410 million settlement in the class action suit against Bank of America (BOA) for...
Citigroup Inc. on Wednesday announced a $285 million settlement to resolve charges brought by the Securities and Exchange Commission (SEC) that a subsidiary of the global financial services firm defrauded investors...