Global Market Reports

US newspaper round-up: BofA, Chevron, Sprint...

Date: Thursday 25 Oct 2012

Federal prosecutors slapped Bank of America with a $1 billion-plus civil mortgage fraud lawsuit Wednesday, accusing the bank of engineering a scheme that defrauded federally-backed mortgage buyers Fannie Mae and Freddie Mac during the national financial crisis. The complaint filed in U.S. District Court in New York accuses the bank of...

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