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Bank of America should pay the maximum penalty of $863 million for selling defective loans to Fannie Mae and Freddie Mac, given the egregiousness of the fraud, U.S. prosecutors told a federal judge.
November 11 -
Firms need technology resources and budget allocation if they want to create a social media program for their advisors.
November 11
Morgan Stanley Smith Barney -
A former JPMorgan Chase banker who managed Bernard Madoffs account said the con man was on track to receive a $200 million loan less than a month before his arrest if the request hadnt been dropped.
November 8 -
Janet Yellen, vice chair of the Federal Reserve Board and President Obama's pick to run the central bank, will appear before the Senate Banking Committee on Nov. 14.
November 8 -
State securities regulators have been ramping up examinations of investment advisors in the aftermath of the Dodd-Frank Act, which required more than 2,000 midsized advisors who had been overseen by the feds to register with state authorities.
November 8 -
Currencies and commodities were added to a list of financial products and related activities that are subject to investigation, according to a regulatory filing published by the New York-based company today.
November 7 -
The firm settled legal disputes with federal regulators tied to mortgage-backed securities for about $335 million.
November 6 -
As the standard-setting body for CFP professionals, the CFP Board has a critical role in shaping the financial planning profession. Along with the FPA, it has laid the foundation for the past 25 years for the recognition of financial planning and it has worked admirably in enforcing the standards for CFP professionals.
November 6
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Wells Fargo is among firms facing federal scrutiny of mortgage-bond sales under a 1989 law the government is using to extend probes of banks roles in the credit crisis, two people with knowledge of the matter said.
November 6
