William Halldin News
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Merrill Lynch, the brokerage unit of Bank of America Corp., was fined $1.05 million by Wall Street’s self-regulator for overcharging customers who traded nonconvertible preferred securities.
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The only winners in the financial crisis that brought Detroit to the brink of state takeover are Wall Street bankers who reaped more than $474 million from a city too poor to keep street lights working.
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Merrill Lynch & Co., the brokerage unit of Bank of America Corp. , won a U.S. judge’s ruling denying a bid by 17 black financial advisers for group status in their five-year-old discrimination lawsuit.
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Louisiana residents set to welcome a record-tying 10th Super Bowl to New Orleans just got another reminder of the botched financing to repair the city’s National Football League stadium after Hurricane Katrina hit in 2005.
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A former Bank of America Corp. executive pleaded guilty to participating in a criminal conspiracy to rig the bidding on investments sold to state and local governments to profit at the expense of taxpayers.
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A former Bank of America Corp. executive pleaded guilty to participating in a criminal conspiracy to rig the bids on investments sold to municipal bond issuers and profit at the expense of taxpayers.
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A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival.
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In just six months, Standard & Poor’s AAA blessing for a slice of a $1.5 billion collateralized debt obligation cost Citigroup Inc. its $15 million investment.
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A former Bank of America Corp. executive pleaded guilty to participating in a criminal conspiracy to rig the bids on investments sold to municipal bond issuers and profit at the expense of taxpayers.
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Massachusetts Attorney General Martha Coakley said she may sue major banks after she “lost confidence” that they will reach an adequate agreement to resolve disputes over foreclosure practices.
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