Bank Lawsuits

Charles Schwab Sues Banks Over Rate Manipulation

(Source: DealB%%k By KEVIN ROOSE) – Charles Schwab, the brokerage firm and investment manager, sued 11 major banks on Tuesday, claiming they conspired to manipulate a borrowing benchmark used to set interest rates. 


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Need Answers On Banks? Don’t Bother Asking Auditors

(Source: Forbes) – Bank stocks tanked yesterday, led by blue whale Bank of America (BAC) who suffered a 20% harpoon blow to its stock price. Except for a previous drop in bank stocks in March of 2009, according to the [...]


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Big Banks Sued for Botching Loan Modifications

LOS ANGELES (Source: Oregon Live By the Associated Press) — It seemed Maria Campusano’s financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month.


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10 Regional Banks the Government Loves

(Source: Seeking Alpha) – A lot of banks are hated. They’re hated by the government, sued by state attorney generals, the subject of endless and costly law suits. I’m talking about Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), [...]


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Cincinnati Suing Banks Over Empty Eyesores

(Source: communitypress) – Annie Mary Adams, with beads of sweat on her brow and dirt-caked gardening gloves on her hands, takes a deep breath and points past her meticulously groomed Kennedy Heights yard and frowns.


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Banks Will Be Sued If Foreclosure Talks Collapse, Two States Say

June 21 (Source: Bloomberg) — Two state attorneys general who are among those leading negotiations with the five largest U.S. mortgage servicers over their foreclosure practices said the banks would be sued if a settlement isn’t reached.


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