Bank

HSBC To Pay Record Fine In Money Laundering Case

State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.

Columbine Survivor Turns To Occupy LA For Foreclosure Help

For Richard Castaldo, the fight to keep his home out of foreclosure is only the latest in a life that has been full of extraordinary challenges. When he was 17, Castaldo became one of the first students shot during the Columbine High School massacre. Now, he's turned to Occupy Los Angeles to overcome this latest obstacle.

Is BofA’s Foreclosure Review Really Independent?

Late last year, the country's bank regulators launched a massive program to evaluate millions of foreclosure cases and compensate homeowners who fell victim to the banks' flawed or illegal practices. Regulators dubbed it the "Independent Foreclosure Review" to emphasize that the banks would not be making key decisions about loans they had made or serviced.

U.S. Sues Wells Fargo

Wells Fargo is the latest collateral damage from the housing boom. U.S. prosecutors are suing the bank -- the country’s largest originator of home loans -- for defrauding the government, accusing it of issuing mortgages without proper

Mistaken Foreclosures: No End In Sight?

Selling a home can be a difficult, stressful process, even now after the nation's largest banks have paid billions to settle claims of robosigning, and foreclosing on homes without properly vetting the paperwork. Now imagine going through

Democratic National Committee Moves Its Money To Union-Run Bank

The Democratic National Committee (DNC) announced today in a press release that it has recently moved its primary banking relationship to Amalgamated Bank, America's Labor Bank. The DNC will use Amalgamated Bank's cash management services to handle its day-to-day banking needs.