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Tag Archives: Banking

Big banks, freed from COVID-19 restrictions, hike dividends (access required)

Recently freed from regulators' coronavirus restrictions, the largest U.S. banks on Monday announced plans to return tens of billions of dollars to their shareholders over the next year in the form of dividends and stock buybacks.

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Baltimore files second class complaint against banks in federal court (access required)

Baltimore joined plaintiffs from around the country this week by filing a federal lawsuit in New York alleging a price-fixing conspiracy by banks that purchase and sell debt issued by Fannie Mae and Freddie Mac. The city’s potential class-action suit is ...

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Baltimore files potential class action against banks, alleges rate fixing (access required)

Baltimore filed a potential class action lawsuit in New York Monday against a group of banks the city says conspired to fix interest rates of variable rate demand obligations, or VRDOs. The complaint, filed in U.S. District Court for the ...

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