Representative Brad Miller, a North Carolina Democrat, and Republican Representative Scott Garrett of New Jersey, say they are concerned about possible conflicts of interest involving holders of first and second mortgage notes. Miller and Garrett talk with Bloomberg's Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance." They are joined by Joshua Rosner of Graham Fisher.
JPMorgan Chase & Co. trader Bruno Iksil’s outsized bets in credit derivatives are drawing attention to a little-known division that invests the company’s reserves and fueling a debate over whether banks are taking excessive risks with federally insured and subsidized money.
Fannie Mae’s regulator should provide information on whether $3.3 billion in settlements with Bank of America Corp. and Ally Financial Inc. over faulty mortgages were fair deals for taxpayers, U.S. lawmakers said.
A top Senate Democrat is urging customers to stop doing business with Bank of America Corp. to protest new debit-card fees, and a House lawmaker is proposing a measure that could make it easier for them to quit.
Sanford “Sandy” Weill, whose creation of Citigroup Inc. ushered in the era of U.S. banking conglomerates a decade before the financial crisis, said it’s time to break up the largest banks to avoid more bailouts.
Congressional Democrats are asking regulators whether they explored possible risks connected to Bank of America Corp.’s moving of derivatives from Merrill Lynch into its deposit-taking unit after a credit downgrade.
Laurie Goodman, who says no analysts have been more critical of bank mortgage practices than her team at Amherst Securities Group LP, is siding with lenders when it comes to a flurry of new rules intended to protect homebuyers.