Bank Of America Found Liable In Mortgage Fraud Trial
Bank of America was found liable for fraud in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed.
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Bank of America was found liable for fraud in a civil case the government said captured the frenzied pursuit of profits at all costs just before the economy collapsed.
You can now use your smartphone to settle up the check at dinner or pay the baby sitter or the person who mows your lawn.
Similar action was being sought against Bank of America but has been suspended after the bank and the AG reached an agreement.
Three fires were set between approximately 10:30 a.m. and 11:30 a.m. Thursday at the vestibule at Sixth Avenue and Waverly Place in Greenwich Village, according to officials.
A soldier's dream to visit New York has finally come true. After being wounded in combat and having to learn to walk and talk again, the Purple Heart recipient will soon move into his own home in the Bronx.
Police on Saturday connected a man spotted wearing a Jets jersey to a pattern of bank robberies going back to last month.
This probably isn't the type of attention the Jets are looking for.
The New York State Attorney General's office has announced plans to sue Bank of America and Wells Fargo for violating the terms of a $26 million mortgage settlement.
Just like in "The Wizard of Oz", Rocky Point residents say they fear being crushed by a falling house, a condemned vacant house teetering on the edge of a cliff worn away by erosion.
Lenders initially offered a three-month grace period following the storm but that period is ending and banks are looking for their money.
Police Sunday were searching for a man who attacked a woman and grabbed her pocketbook in the vestibule of a bank in the Bronx.
Police are looking for a suspect they say is responsible for a pair of grand larcenies in Manhattan.
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's workforce of 262,000.
Approximately 40 arrests were made Tuesday on various charges, including disorderly conduct, blocking traffic and resisting arrests, the NYPD said.
The New York Mets have repaid loans of $25 million to Major League Baseball and $40 million to Bank of America, and have closed on the sales of 12 limited partner shares for $20 million each, a person familiar with the team's finances says.
Two protesters were arrested on Wednesday. One of them, a woman in clown makeup, was skipping as police led her away in handcuffs.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz could soon feel the pinch -- from Major League Baseball.
Mets owners Fred Wilpon, Jeff Wilpon and Saul Katz recently got a $40 million loan to help with cash flow, a year after getting a $25 million loan from MLB.
The news comes after other major banks, including Chase and Wells Fargo, said last week that they were canceling tests of similar fees.
The Dow Jones industrial average fell 170.89 points, or 1.5 percent, to close at 11,149.82. It had been up 85 points shortly after the opening bell.
A New Jersey judge has ruled that four major banks can resume uncontested foreclosure actions in the state under court monitoring.
Police are trying to identify two suspects who they say are wanted for a cash scam that happened in the Bronx in July.
The brutality of it all will resonate with almost anyone who's gone into a bank to use an ATM. It's a place where, like it or not, we can be vulnerable.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
The NYPD said the woman knocked on the door to an East New York apartment before two other suspects drew guns on a man who answered.
A New Jersey barbershop employee is facing charges after allegedly placing cameras in the shop's bathroom, police said.
Video shows flames shooting out of a sewer on Millstone River Road in Hillsborough Township, New Jersey.
A home invasion shut down two schools in Fairfield, Connecticut, as police responded Thursday morning to the scene on Candlewood Road.
The NYPD said the woman knocked on the door to an East New York apartment before two other suspects drew guns on a man who answered.
The New York accent is one of the regional dialects disappearing from everyday language, according to a new study.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
NewYork-Presbyterian nurses and hospital officials will meet for their next bargaining session on Thursday as the largest and longest nurses strike in city history continues.
Some pieces of New York sports history are heading up for auction: Tom Seaver's personal collection.
A home invasion shut down two schools in Fairfield, Connecticut, as police responded Thursday morning to the scene on Candlewood Road.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
An air quality alert is in effect Wednesday for the second day for New York City and parts of the northern suburbs.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Valentine's Day will be mild in the New York City area, but snow may be on the way to end the weekend.
A New Jersey barbershop employee is facing charges after allegedly placing cameras in the shop's bathroom, police said.
Video shows flames shooting out of a sewer on Millstone River Road in Hillsborough Township, New Jersey.
Wawa says these four bottled milk products could present a choking hazard and are being recalled as a precaution.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
There's a state of emergency in Phillipsburg, New Jersey, after two sinkholes opened up. One of them swallowed a dump truck.
Heavy rain will impact most of the New York and New Jersey area on Friday morning, with communities farther north seeing snow.
An air quality alert is in effect Wednesday for the second day for New York City and parts of the northern suburbs.
Accumulating snow will return to the New York City area Sunday evening into Monday morning.
Potholes are causing even more crashes on an already dangerous stretch of New York 25 on Long Island, officials say.
Hicksville is New York's first school district to ban e-bikes after alarming statistics revealed at least 12 people, mostly young Long Islanders, died on them in the past three years.
Just weeks ago, New York City Mayor Zohran Mamdani was against the sweeps. He says now, however, they'll be unlike how they've been done before.
Sen. Chuck Schumer wants the federal government to do away with the statute of limitations on sex abuse and trafficking victims' right to sue.
The Gateway Tunnel Project is poised to get back on track after more than $200 million in funding that had been withheld is now back.
Transit crime has ticked up so far this year, according to NYPD crime data. The NYPD is blaming the recent cold.
An immigration judge has dismissed the Trump administration's deportation case against Mohsen Mahdawi, a Palestinian graduate student and Columbia protest leader.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
Springsteen is taking his "Land Of Hope And Dreams American Tour" nationwide starting in the spring.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
New York City Department of Environmental Protection said there was a "significant reduction in water usage" throughout the Big Apple during his show. That changed as soon as his performance ended.
Catherine O'Hara, known for her roles in "Home Alone," "Schitt's Creek" and "Beetlejuice," died on Jan. 30 at the age of 71.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
In Harlem, a hall-of-famer gymnast is inspiring the next generation in the sport.
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
Cleveland Browns safety Ronnie Hickman was assaulted inside a New York City hotel on Monday morning, officials said.
The short-handed Indiana Pacers beat the Brooklyn Nets 115-110 on Wednesday night.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Residents and skate advocates clash over a proposed Mount Prospect Park skate facility, as city officials promise an updated design this spring.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
Edward R. Murrow High School's new boiler system cuts emissions while doubling as a hands-on sustainability lesson for students.
LUAR Creative Director Raul López says Lady Gaga's salsa-inspired dress in Bad Bunny's Super Bowl halftime show was a moment of pride for Caribbeans and Latinos.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Investigators said three suspects pulled out guns after the homeowners answered the door in East New York.
It was a rough morning commute for some drivers in Brooklyn on Thursday. At least four cars were awaiting tows on the Gowanus Expressway. Chopper 2 spotted several large potholes on the highway.
Zazzie is a friendly, loveable 6-year-old Silky Terrier mix. She loves to be with people, go on walks and is looking for her forever home.
The former Prince Andrew, now Andrew Mountbatten-Windsor, was arrested Thursday for suspected misconduct in public office stemming from the Epstein files. CBS News' Tina Kraus is tracking the developments.
It's a cloudy day, but all eyes are on the morning commute Friday. There will be heavy rain in New York City, with snow possible in neighborhoods to the north. CBS News New York Meteorologist John Elliott has the latest forecast.
