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Bank Of America

The Takeaway

Wells Fargo to Pay $175 Million Settlement in Discrimination Lawsuit

Friday, July 13, 2012

A court has ruled that Wells Fargo will pay $175 million as a result of a lawsuit based on discriminatory actions of the firm from 2004 to 2009. The Assistant Attorney General for the U.S. Justice Department's Civil Rights Division talks about the recent court ruling and what it could mean for the sinister trend of discrimination in the banking industry.

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The Brian Lehrer Show

Paying for Countrywide's Discrimination

Friday, December 23, 2011

Bank of America has agreed to pay $335 million to settle allegations of racially discriminatory lending practices by Bank of America owned Countrywide. Josh Zinner, co-director of the Neighborhood Economic Development Advocacy Project (NEDAP), joins us to discuss the settlement.  

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The Brian Lehrer Show

As Goes Bank of America?

Tuesday, September 13, 2011

Charlie Herman, business and economics editor for WNYC, looks at Bank of America's decision to downsize and layoff 30,000 workers.

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The Takeaway

Bank of America Settles with Freddie and Fannie Over Mortgage Dispute

Tuesday, January 04, 2011

Bank of America announced a $2.8 billion settlement with Freddie Mac and Fannie Mae on Monday. The American-owned firms demanded that Bank of America buy back mortgages whose quality was misrepresented by Countrywide, which is owned by Bank of America. Louise Story, Wall Street and finance reporter for The New York Times analyzes the implications of the settlement.

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The Takeaway

US Banks Nervously Await Next WikiLeak

Friday, December 03, 2010

Back when WikiLeaks wasn’t a household name, editor Julian Assange mentioned to ComputerWorld magazine that he had 5 gigs of information from a Bank of America executive’s hard drive. Then last week, Assange mentioned to Forbes that he has something that may take down “a bank or two,” refusing to specify which ones.


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The Takeaway

This Week's Agenda: Debates; Foreclosures and Economic Indicators

Monday, October 11, 2010

Every Monday, we take a look at the big stories in the week ahead. This week's Agenda, covers foreclosures, midterm elections, calls for UN peace keepers in  Sudan and the Nobel Prize in Economics.

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The Takeaway

Goldman Sachs Defending Its Assets

Wednesday, April 21, 2010

Following news on both big earnings and a fraud suit filed against them by the Securities and Exchange Commission, Goldman Sachs is trying to push back against the kind of publicity that surely inspires some populist rage. In a conference call with reporters yesterday, the company's general counsel wanted to reassure the public that the firm would never knowingly attempt to defraud its clients. But does this language assuage regular investors, or restore confidence in Godlman's dealings?  

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The Takeaway

Takeouts: No Fix Yet for Struggling Homeowners, Republicans' 'Vote-A-Rama'

Thursday, March 25, 2010

  • BUSINESS TAKEOUT: A year into the government's loan modification program, the Treasury's internal watchdog says the federal program might fail to prevent foreclosures. Meanwhile, private lender Bank of America announces major changes in how they will treat struggling homeowners. New York Times finance reporter Louise Story discusses whether the public or private sector is in the best position to heal the housing market.
  • WASHINGTON TAKEOUT: Sure it's officially law, but that doesn't mean the Senate is going to give health care a rest. Our Washington Correspondent Todd Zwillich sat in on last night's 'vote-a-rama' where Republicans offered amendment after amendment in nine hours of non-stop voting designed to derail the final version of health care reform. He brings us the highlights and the final tally of votes.

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    The Takeaway

    In Face of Scrutiny, Banks Find New Ways to Keep Old Fees

    Tuesday, February 23, 2010

    Buyer beware: your bank may be trying to protect its revenue stream in the face of increased government scrutiny by adding unnecessary fees to financial instruments like your debit card. A report in today's New York Times says banks are beginning to aggressively market products like automatic overdraft protection fees. Without these fees, banks stand to lose some $20 billion annually.

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    WQXR News

    Cuomo Charges Bank of America with Fraud

    Friday, February 05, 2010

    NY Attorney General Andrew Cuomo has sued Bank of America and former CEO Ken Lewis for hiding huge losses at Merrill Lynch in 2008.

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    The Takeaway

    Mixed Legal Decisions for Bank of America

    Friday, February 05, 2010

    Yesterday the headlines about Bank of America came fast and furious. The Security and Exchange Comission came to a new settlement deal with Bank of America for $150 million; now it has to be approved by the same judge who threw out a much smaller penalty last year. Louise Story, business and finance reporter for The New York Times, helps us decode the legal actions.

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