An international banking case in which Baltimore seeks to recover millions of dollars in alleged overpayments will head back to federal district court.

Tagged with: antitrust Banking collusion financial crisis municipal investment personal jurisdiction Supreme Court

An international banking case in which Baltimore seeks to recover millions of dollars in alleged overpayments is on appeal to the U.S. Supreme Court.

Tagged with: antitrust Banking collusion financial crisis municipal investment personal jurisdiction Supreme Court unjust enrichment

OMAHA, Neb. — Warren Buffett’s company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc. won’t even have to part with any cash to do so. Berkshire and Goldman ...

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WASHINGTON — Standard & Poor’s says the government plans to file a civil lawsuit alleging wrongdoing by the agency when it gave high ratings to mortgage debt securities that later plunged in value and fueled the 2008 financial crisis. S&P ...

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WASHINGTON — Bank of America says it has agreed to pay $2.43 billion to settle a class-action lawsuit related to its acquisition of Merrill Lynch at the height of the financial crisis. In the lawsuit, shareholders alleged that Bank of ...

Tagged with: Bank of America Banks class-action lawsuit countrywide financial crisis lawsuit lehman brothers litigation merrill lynch Settlement U.S. District Court

NEW YORK — Citigroup has agreed to pay $590 million to settle legal claims by shareholders that its executives misled them about the bank’s growing problems before the financial crisis. The bank denied the allegations Wednesday, but said it agreed ...

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NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied investment house, reported Thursday that its revenue was down sharply for April through June and its profit missed Wall Street expectations. Its stock was clobbered ...

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NEW YORK — JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed. ...

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NEW YORK — Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis. Because Bank of America serves ...

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WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to ...

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