August 28, 2013 Comments Off on Merrill Lynch settles discrimination lawsuit
CHICAGO — Lawyers for hundreds of black financial advisers have reached a $160 million settlement in a lawsuit accusing Wall Street brokerage giant Merrill Lynch of racial discrimination, a plaintiffs’ attorney said Wednesday. If approved by a federal judge in ...
Tagged with: discrimination Law lawsuit legal news merrill lynch race
Read More »September 28, 2012 1 Comment
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
Read More »April 23, 2012 Comments Off on Supreme Court rejects appeal in Enron-related case
WASHINGTON — The Supreme Court has turned away an appeal from a former Merrill Lynch executive who was convicted on perjury and obstruction charges that stemmed from a bogus 1999 deal involving Enron. The justices did not comment Monday in ...
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Read More »December 6, 2011 Comments Off on Bank of America settles mortgage suit for $315M
NEW YORK— Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in court papers filed late Monday in U.S. ...
Tagged with: Bank of America citigroup merrill lynch securities and exchange commission Settlement U.S. District Court
Read More »November 14, 2011 Comments Off on Bank of America expects $1.8B gain from stake in Chinese bank
CHARLOTTE, N.C. — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base. The latest sell-off in the Chinese bank, announced Monday, is expected to generate ...
Tagged with: Bank of America Bank of America Merrill Lynch Banks JPMorgan Chase & Co. merrill lynch
Read More »October 18, 2011 Comments Off on Bank of America earns $6.2B on accounting gains
NEW YORK — Bank of America earned $6.2 billion in the third quarter on accounting gains and the sale of a stake in a Chinese bank, which offset lower revenue and income in its credit card, real estate and investment ...
Tagged with: Bank of America Banks brian moynihan China earnings merrill lynch
Read More »August 8, 2011 Comments Off on AIG sues Bank of America for $10B over mortgages
NEW YORK — More trouble piled up for Bank of America Corp. on Monday, as American International Group Inc. sued it for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The ...
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