Bank Hapoalim has filed a massive $720 million suit against Bank of America, Merrill Lynch and Countrywide over its losses in the U.S. subprime crisis, alleging that the U.S. institutions misled and defrauded it.
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Hapoalim files huge U.S. suit over subprime losses
Posted by mortgage 38 days ago (Editorial)RBS raises mortgage rates as Halifax prepares to follow suit
Posted by mortgage 82 days ago (Editorial)
Halifax has prepared the ground for a rise, RBS has announced an increase. Will others follow?
Goldman faces SEC suit over subprime mortgages
Posted by mortgage 84 days ago (Editorial)
The Securities and Exchange Commission notified Goldman Sachs Group Inc. that it may file a civil case against the bank related to a $1.3 billion offering of subprime mortgage securities, Goldman said in a regulatory filing on Tuesday.
Class-Action Suit Against Goldman
Posted by mortgage 106 days ago (Editorial)
Last week, the federal judge in Manhattan ordered The Goldman Sachs Group Inc. to deal with a securities class-action lawsuit. The lawsuit accused Goldman of misleading investors relating to mortgage-backed ...
Class-Action Suit Against Goldman - Analyst Blog
Posted by mortgage 106 days ago (Editorial)
Last week, the federal judge in Manhattan ordered The Goldman Sachs Group Inc. ( GS ) to deal with a securities class-action lawsuit. The lawsuit accused Goldman of misleading
BofA Wins Dismissal From Allstate Mortgage Losses Suit Against Countrywide
Posted by mortgage 110 days ago (Editorial)
Bank of America, as a corporate parent, isn?t responsible for the liabilities of Countrywide, the mortgage lender it acquired in 2008, U.S. District Judge Mariana Pfaelzer in Los Angeles said today.
Ex-Bank Executives Settle F.D.I.C. Suit
Posted by mortgage 161 days ago (Editorial)
Former executives at Washington Mutual have reached a $64 million agreement to settle a civil lawsuit related to the subprime mortgage crisis.
Common Pleas Court judge rejects most of Cleveland's suit against banks over subprime loans
Posted by mortgage 168 days ago (Editorial)
What makes the state court's dismissal of city charges against 21 banks and mortgage companies different from the federal court's back in 2010 is that the lawsuit languished on Judge Brian J. Corrigan's docket for more than a year with no action taken until a Plain Dealer editor recently inquired about it on Nov. 15.
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