Citigroup

(AP Photo)

LA city attorney sues Bank of America over lending

LOS ANGELES (AP) — The Los Angeles city attorney is suing Bank of America for mortgage discrimination it claims led to a wave of foreclosures that cost the city a fortune in extra expenses and […]

12/07/2013

LA sues Wells Fargo, Citigroup over foreclosures

LOS ANGELES (AP) — The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the […]

12/05/2013

Foreclosure sign

Calif. foreclosure victims will get $1,500 checks

SACRAMENTO, Calif. (AP) — More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of the national mortgage settlement, the state attorney general’s office said Tuesday. The money is going […]

06/04/2013

(AP Photo)

Chastened banks cuts tens of thousands of jobs

NEW YORK (AP) — Banks aren’t the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. At a time when many banks are reporting higher or even record earnings, the cuts are unsettling to an entire industry.

04/25/2013

(AP Photo)

US banks to send checks to 4.2M who lost homes

WASHINGTON (AP) — The nation’s largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis.

04/09/2013

Distressed homeowner help

As discussed on Money 101 with Bob McCormick today, the program that aids distressed homeowners ends this Friday, January 18. Here are some of the highlights discussed on the show: Where to get help for […]

01/16/2013

(AP Photo)

10 banks agree to pay $8.5B for foreclosure abuse

WASHINGTON (AP) — Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

01/07/2013

Banks extend fee waivers for storm-hit customers

(AP) — Some of the nation’s biggest banks have extended temporary waivers on a variety of fees and late charges for residents of states hit hard by Superstorm Sandy. It’s an effort to ease pressure […]

11/04/2012

Citigroup is fined $2 million over Facebook IPO

NEW YORK (AP) – Citigroup has paid a $2 million fine and fired a junior analyst after the employee leaked confidential information about Facebook’s initial public offering to a popular tech blog. The charges were […]

10/26/2012