Tag:
Bondholders
Latest Headlines
Latest Headlines
Banks downgraded, but is too big to fail really over?
Here's an unintended consequence of the broad move by regulators to end the too big to fail era: Moody's has downgraded the debt of Bank of America, Wells Fargo and Citigroup.
Bank of America not alone in facing putback claims
All banks have been tarred with charges that they violated state and federal laws with their mortgage-backed securities offerings. Bank of America, however, has stood alone in that it was also the
Robert Kelly out as CEO of Bank of New York Mellon
Not too long ago, Robert Kelly was a star in the banking industry. In 2009, he was sought by the Bank of America board to become their next CEO, though the negotiations quickly fell apart. That same
U.S. Bancorp sues Bank of America for putbacks
The Bank of America litigation pile-on continued this week, as U.S. Bancorp, in its role as trusted for the HarborView Mortgage Loan trust, filed another suit over warranty and representation issues
Is Bank of America's other putback deal now also souring?
Bank of America has been the target of lots of angst over its $8.5 billion deal to settle putback claims with blue-chip bondholders, the likes of PIMCO and BlackRock. As other investors and the New
Jefferson County muni default could be largest in history
If bond holders and Jefferson County, Alabama officials cannot come to an agreement, the county will soon have the dubious distinction of being the largest muni default in the history of the United
New York AG proves Bank of America putback settlement
Bank of America, like all other banks, has moved to settle many of the mortgage-related charges against it by regulators as well as private litigants. It has been successful to some degree. But while
Bank of America hits snags on road to settlement
So who exactly is behind the Walnut Place investors group, which has gone to court to block the much-ballyhooed $8.5 billion settlement of various putback claims? No one seems to know, but the big
Bank of America renounces its own testimony in mortgage case
Bank of America ( NYSE: BAC ) was forced into damage control when Linda DeMartini, a team leader in the company's mortgage-litigation management division, testified in New Jersey that it was "routine"
Bank of America wants to go slow on foreclosures?
As the foreclosure fiasco continues, it's becoming clear that banks are girding for a long fight against bondholders who demand they buyback various RMBS and from activists bent on delaying and even
