To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought.
American financial institutions placing bets on whether European countries will default on debt could be on the hook for billions of dollars.
Standard & Poor’s under investigation for allegedly improperly rating dozens of mortgage securities leading up to the financial crisis.
Banks lobby to change legislation created to protect borrowers from risky lending practices.
Executives from the Wall Street firm Goldman Sachs stand accused of lying to Congress, but so far, there’s little indication that they’ll stand trial.