The U.S. Supreme Court on January 17 allowed private antitrust lawsuits brought by investors including big U.S. cities accusing major banks of conspiring to manipulate the pivotal Libor benchmark interest rate to move forward. The justices rejected an appeal filed by a group of banks including Bank of America Corp(BAC.N), Deutsche Bank AG(DBKGn.DE), UBS AG(UBSG.S) […]Continue reading
U.S. Supreme Court Allows Antitrust Lawsuits To Move Against JP Morgan Chase, Citigroup, & Bank Of America
The U.S. Supreme Court turned away an appeal by Bank of America Corp., Citigroup Inc. and JP Morgan Chase & Co., refusing to stop antitrust lawsuits that accuse some of the world’s largest banks of conspiring to rig Libor. The banks sought review of a decision that said the suing investors had adequately claimed they […]Continue reading
Massive Foreclosure Bank Fraud Lawsuit: Massachusetts Files Against Five National Banks ~ Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC.
BOSTON – Five national banks have been sued in connection with their roles in allegedly pursuing illegal foreclosures on properties in Massachusetts as well as deceptive loan servicing, Attorney General Martha Coakley announced today. The lawsuit was filed today in Suffolk Superior Court against Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC. It […]Continue reading