The banking giant HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. Despite evidence of wrongdoing, the U.S. Department of Justice has allowed the bank to avoid prosecution and pay a $1.9 billion fine. No top HSBC officials will face charges, either.
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.
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.
By Paul Kiel, ProPublica An executive who the Justice Department says facilitated a scheme to defraud Fannie Mae and Freddie Mac is now spearheading JPMorgan Chase's role in the government's program to compensate victims of the big
This may well be a new low for a bank. On the morning of October 10, 2012, Niko Black was in bed when her front door was kicked open by the Orange County Sheriff's Department. Black, who has terminal cancer, crawled to her wheelchair as
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.
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
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
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.
A small group of Occupiers stopped by the Bank of America...