Bank Of America’s $8.5 Billion Mortgage Settlement Challenged By Bondholders
NEW YORK (Jonathan Stempel) – A group of bondholders plans to challenge Bank of America Corp’s $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other bond investors. In court papers filed on Tuesday in New York State Supreme Court in Manhattan, 11 companies sharing the name Walnut Place More...
Goldman Sachs Took Biggest Loan During Fed’s Emergency Program
WASHINGTON – Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according More...
