American International Group is holding "hostage" an $8.5 billion deal to compensate investors who bought Bank of America Corp mortgage securities, supporters of the deal said in court filings ahead of a hearing on Wednesday.
A new judge presiding over Bank of America Corp's proposed $8.5 billion settlement with investors in soured mortgage securities on Tuesday postponed entering a final judgment in the case, raising the possibility of additional legal maneuvers.
A New York state judge on Friday approved most of Bank of America Corp's $8.5 billion settlement with investors over toxic mortgage securities, but left a caveat that could complicate the bank's efforts to implement the deal.
The debate continues over a controversial Consumer Federation of America report released last month holding that only through Californias Proposition 103 has the state managed to control the cost of auto insuranceimplying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.
The debate continues over a controversial Consumer Federation of America report released last month holding that only through Californias Proposition 103 has the state managed to control the cost of auto insuranceimplying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.
Bank of America Corp has won the dismissal of an unusual lawsuit by shareholders accusing it of concealing a $10 billion fraud case brought by American International Group Inc.
Bank of America Corp has won the dismissal of an unusual lawsuit by shareholders accusing it of concealing a $10 billion fraud case brought by American International Group Inc.
InformationWeek recently released its top 500 business-technology innovators across multiple industries, and 24 property and casualty-related companies made the cut. Eight of those companies were ranked in InformationWeek's Top 250. Click to see the industry's top tech innovators.
InformationWeek recently released its top 500 business-technology innovators across multiple industries, and 24 property and casualty-related companies made the cut. Eight of those companies were ranked in InformationWeek's Top 250. Click to see the industry's top tech innovators.
A report released by the Federal Reserve Board shows taxpayers made $9.5 billion through its investment in two facilities used to help provide liquidity to AIG to prevent its collapse in 2008.