Bank of America Corp. asked a federal judge to reject homeowners’ effort to sue the bank over its failure to modify mortgage loans as a class-action case. The second-biggest U.S. lender by assets today urged U.S. District Judge Rya Zobel in Boston to deny the borrowers’ request to pursue the […]
Author: InvestAdvocate
Berlusconi Tax Fraud Prison Sentence Confirmed
The former Italian Prime Minister, Silvio Berlusconi, has his prison sentence for tax fraud confirmed by the country’s top court. The billionaire tycoon was told that his four-year sentence will was upheld, making it the first ever definitive conviction, in up to 30 court cases. However, three of the years […]
Fitch: Nigerian banks are unlikely to repeat 2012 profit highs
(The following statement was released by the rating agency) Nigerian banks are unlikely to see a repeat of their robust 2012 profits because of increasing pressure on earnings, Fitch Ratings says. Tougher regulations together with higher funding costs are likely to constrain profitability over the next 18 months. The central […]
