Wall Street Journal
BofA Plans To Cut 3500 Jobs This Quarter
Bank of America is to cut 3,500 jobs this quarter, and is working on a restructuring that could eliminate thousands of additional jobs, reported the Wall Street Journal, the addition of a massive layoff of major banks. Sensitive to the ups and downs over the global economy, global banks have reported close to 50 000 [...]
Banks, SEC Discusses To Settle Mortgage Fraud Charges
The securities regulator is in talks with major Wall Street banks to resolve allegations of fraud in the sale of toxic mortgage bonds to investors who have helped trigger the financial crisis, the Wall Street Journal, citing people familiar file. The first settlement with the Securities and Exchange Commission (SEC) could be reached next week, [...]
U.S. Banks Receive A Proposal From Troubled Mortgage Borrowers: Report
U.S. banks has received a proposal from the state attorneys general and several federal agencies that could force down the outstanding mortgage loans of borrowers in trouble, the Wall Street Journal, citing people familiar with the matter. 27-page document that was sent to the country’s largest mortgage lenders, does not specify any penalties or fines, [...]
Hagens Berman Says Fraud Investigation Into Allegations Of Deceptive Trade Practices Of Life Partners Holdings, Inc. Continues
Hagens Berman Sobol Shapiro LLP, a law firm nationally recognized investor rights, continues to investigate allegations of deceptive business practices involving Life Partners Holdings, Inc. (NASDAQ GS: Lphi) shares and policies insurance. A class action lawsuit has been filed on behalf of purchasers of common shares Lphi U.S. District Court for the Western District of [...]