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{ Tag Archives } bank

Lehman Brothers art work to go under the hammer

LONDON (Reuters) – Art works that once adorned the British and European offices of former banking powerhouse Lehman Brothers are to be auctioned off next month, the bank’s administrators said Sunday.

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Citigroup loses bid to dismiss big bondholder suit

NEW YORK (Reuters) – A federal judge rejected Citigroup Inc’s bid to dismiss a class-action lawsuit by bondholders who said the bank misled them on 48 bond offerings in which the bank raised more than $71 billion.

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Wells Fargo cuts free checking ahead of new rules

CHARLOTTE, North Carolina (Reuters) – Wells Fargo & Co will no longer offer free checking for all new customers opening accounts at the bank, a company spokeswoman told Reuters on Friday.

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Supreme Court to hear JPMorgan appeal in card case

WASHINGTON (Reuters) – The Supreme Court said on Monday it would hear JPMorgan Chase & Co’s appeal over a lawsuit accusing the bank of violating federal law by failing to notify credit card holders before raising interest rates due to late payments or defaults.

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Bank of America’s NY headquarters mortgage in CMBS

NEW YORK (Reuters) – A $650 million mortgage on Bank of America Corp’s New York headquarters is being marketed in a commercial mortgage-backed security by the bank and JPMorgan Chase, according to investors familiar with the transaction.

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Morgan Stanley Asia chair Roach to return to New York

HONG KONG (Reuters) – Stephen Roach, Morgan Stanley’s Asia chairman and one of the region’s best-known economists, is relocating from Hong Kong to New York and joining the faculty at Yale University, the bank said in a statement on Friday.

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FDIC, WaMu reach agreement on bankruptcy plan

WASHINGTON (Reuters) – Washington Mutual Inc and the Federal Deposit Insurance Corp have reached a global settlement that will return $7 billion to the bank’s creditors, a critical step in the bankruptcy involving the biggest bank failure in U.S. history.

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JPMorgan faces bias lawsuit by ex-vice president

NEW YORK (Reuters) – A former JPMorgan Chase & Co vice president on Thursday filed a gender bias lawsuit against the bank, claiming she was fired after trying to start a family.

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WaMu seeks to investigate US regulators, others

(AP) Bank holding company Washington Mutual Inc. has asked a federal court for the power to make the Federal Reserve, the U.S. Treasury, and a long list of other parties turn over documents and witness interviews related to the bank’s 2008 collapse. Washington Mutual collapsed in Se The rest is here: WaMu …

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Beal Bank makes play for Trump casinos (Reuters)

Reuters – Beal Bank has made a restructuring proposal for bankrupt Trump Entertainment Resorts’ Atlantic City casinos that would give it a 65 percent stake in the casinos company, the bank’s attorney said on Wednesday. Read the original here: Beal Bank makes play for Trump casinos …

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