New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses. Schneiderman issued the announcement, which suggests lawsuits could be filed against the banks within two […]
Tag: Bank of America
Here’s How Morgan Stanley Fared in the Stress Tests
Yesterday, the release of the results from the Federal Reserve’s annual stress tests highlighted the impact of the changing regulatory and operating environment on firms like Morgan Stanley (NYSE: MS ) and Goldman Sachs. While these capital markets-focused firms undergo the same assessments as the large depository institutions with trading arms […]
Bank of America begins moving $50 billion of derivatives to UK: FT
Bank of America (BAC) has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation. The move will allow the world’s number 10 bank by assets to benefit from tax […]
