Angelo Mozilo News
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Citigroup Inc., the bank that’s cutting 11,000 workers and shutting branches, hired David Chubak from McKinsey & Co. to help oversee cost-cutting.
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Countrywide Financial Corp. co- founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm and that he only agreed to a record $67.5 million regulatory settlement in 2010 to protect his children.
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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The U.S. Justice Department has ended a criminal investigation of former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and won’t bring charges, a person familiar with the investigation said.
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Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo warned as early as 2004 of a possible housing-market collapse while the Federal Reserve overlooked the threat a year later, according to documents released by the Financial Crisis Inquiry Commission.
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Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and ex-Chief Operating Officer David Sambol agreed to $6.5 million settlement to resolve a predatory lending lawsuit filed by California.
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Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo agreed to a record $67.5 million settlement to resolve U.S. Securities and Exchange Commission claims that he misled investors.
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U.S. prosecutors have ended a criminal investigation into former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo after finding no evidence of any crime, the Los Angeles Times reported.
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PennyMac Financial Services Inc., the residential mortgage company founded by former Countrywide Financial Corp. President Stanford L. Kurland, filed for a public offering of as much as $287.5 million.
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A U.S. House panel ended a probe of alleged preferential lending by Countrywide Financial Corp. to lawmakers and aides without taking action, saying the “serious matters” submitted for review fall outside its jurisdiction.
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