Northern, WI 1/20/2013 (wallstreetpr) –Two years after the Fed’s instructions to arrange individual case-studies for botched mortgages foreclosures at American mortgage firms HSBC Holdings Inc. (NYSE:HBC) has agreed to pay $249 million to settle customers’ foreclosure claims. US borrowers will be reimbursed by $96 million in cash and the rest in other mortgage benefits for […]
NYSE:BAC
Best week for US stocks in last thirteen months- F, CAT, GM, BAC, & ROST
Northern, WI 1/6/2013 (Wallstreepr) –After the budget deal the U.S stocks have the best week in last thirteen months. This is reflected by the fact that the S&P 500 rose 1.7% on last week of December. It is really a political optimism that the deal was finalized by democratic lawmakers and republican on budget. The […]
JPMorgan Chase & Co.(NYSE:JPM) registers under Dodd-Frank Act as Swap-Dealer along with 65 Others– GS, BARC,AIG, MMC, BAC, C & DBK
The Dodd-Frank Act has recently registered JPMorgan Chase & Co.(NYSE:JPM), Goldman Sachs Group, Inc.(NYSE:GS) and Barclays PLC(LON:BARC) under swap-dealer divisions. They stand out as the first banks to register swap-dealer divisions with excellent collaterals, trading capacity and capital. Many well-known banks in U.S., U.K., France, Germany, Switzerland and Japan already marked their position in the […]
S&P-500 Declines as decision on cliff postponed till 30th Dec’12
U.S. stock marked in red representing losses by the end of yesterday’s trading as the session of the House of Representatives was adjourned to resume on December 30th gearing hopes for a budget deal soon. The S&P 500 (SPX) dropped 0.1% down to 1,418.10 last days after an early morning retreat as much as 1.3%. […]
MERS sued by Illinois man over property records-BAC, USB
Mortgage Electronic Registration Systems Inc. and its partner financier U.S Bank of America Corp (NYSE:BAC) face a lawsuit by an Illinois resident on charges of having contributed to a statewide corruption of public real estate records. The case is Daniels v. U.S. Bank N.A., 12-ch-43772, Cook County, Illinois, Circuit Court, Chancery Division (Chicago). Merscorp Holdings […]
Finra asks brokers to declare bonuses which it is paying to clients in proposal- MS, BAC, and UBS
Financial Industry Regulatory Authority (Finra) passed a proposal for comments yesterday that would require brokers and financial advisers to disclose recruiting bonus and other incentive entitlements to their new clients after switching job. The proposed addition to the regulations is aimed to protect consumers of financial services against potential conflicts of interest impairing fairness in […]
WaMu bond trustees granted right to sue trustees of BofA and U.S. Bancorp- BAC, JPM & USB
Bank of America Corporation (NYSE:BAC) and U.S. Bancorp (NYSE:USB) could face litigation over charges of neglect in their role as trustees of Washington Mutual Inc. The ruling of a federal judge Katherine Forrest ,was passed on Friday and held that both lender’s fails to protect the investor’s interest in mortgage-backed securities of the said pension […]
Citigroup (NYSE:C) May Face Higher Obstacle as Fed Adds Test – C, BAC, JPM, WFC, KEY
The Federal Reserve distorted its annual set of tests for the 30 biggest U.S. banks to incorporate the risk of a larger plunge in Asia; somewhere Citigroup Inc. (NYSE:C) has a larger presence then rivals. The Fed declared in a statement, slumps in the euro area, the U.K. and Japan are characteristics of the Fed’s […]
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