Borrowers File Class Action Against Major U.S. Banks Alleging Prime Rate-Fixing Conspiracy
In a sweeping new class-action lawsuit, a group of borrowers has accused some of the largest U.S. financial institutions of…
Bank of America
Texas Man Gets Trapped in ATM
Summary: A Texas man got trapped inside a bank ATM for over two hours because customers didn’t believe his handwritten…
Deutsche Bank Settles Misselling Allegations for $7 Billion
Summary: Germany's largest bank has agreed to pay the federal government billions of dollars to settle a misselling case. Deutsche…
What Does Bank of America Think of $180,000 First-Year Associate Salaries?
Summary: Recently, Bank of America sent out an email to select New York law firms, stating it would not bear the…
How Much Do In-House Attorneys Get Paid?
Summary: LawCrossing released data about the salaries for in-house attorneys and what kind of counsel receives the best pay rates.…
Banks Have a Mere $65 Billion in Outstanding Legal Costs
Summary: Although many banks have already paid significant sums for their roles in the 2008 financial crisis, many still face…
Deutsche Bank Changing General Counsel
Summary: Deutsche Bank, in the midst of their largest legal bills, will have two new general counsels by the beginning…
Bank of America Seeing Strong Profit Numbers
Summary: The Bank of America is recovering strongly after the $13 billion settlement last year with state and federal regulators.…
Bank of America Profits Plummet in Third Quarter
Summary: After settling a multibillion-dollar lawsuit with state and federal agencies, Bank of America’s profits declined due to lingering effects…
Bank of America Asks Judge to Throw Out Jury Verdict in Fraud Case
Summary: Bank of America has asked a judge to throw out the jury verdict against it that resulted in a…
Goldman Sachs to Pay $1.1 Billion to Settle Claims with Federal Housing Finance Agency
Summary: Goldman Sachs will join Bank of America and other financial institutions that have recently settled claims of fraudulent conduct…
Bank of America to Pay $17 Billion for Its Role in Housing Bubble Burst
The largest settlement to emerge from the financial crisis of 2008 has been approved, according to the Huffington Post. The…