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.
The World Cup is renewing the call for ferry service from West Harlem.
A website will pay a $200,000 fine for listing illegal parking lots near JFK Airport on its app.
From Long Island to the World Cup, Joe Scally is making his hometown proud playing with the U.S. men's national team.
Club Calvi talks to authors Stephanie Dray and Laura Kamoie about their new book, "A Founding Mother" about Abigail Adams, the wife of President John Adams and the mother of President John Quincy Adams
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
The World Cup is renewing the call for ferry service from West Harlem.
A website will pay a $200,000 fine for listing illegal parking lots near JFK Airport on its app.
From Long Island to the World Cup, Joe Scally is making his hometown proud playing with the U.S. men's national team.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
New York City Thursday tied the record high temperature of 100 degrees set on this date in 1966.
The New York, New Jersey area is preparing for extreme heat as cooling centers, pools, parks and other resources get ready to keep residents cool.
Dangerously hot weather is beginning in the New York City area, with an Extreme Heat Warning about to go into effect.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Thursday tied the record high temperature of 100 degrees set on this date in 1966.
Jersey City Mayor James Solomon is now lowering a proposed tax hike from 20% to 15%, but many residents says it's still a painful pill to swallow.
The National Weather Service has issued an Extreme Heat Warning for the entire region through Saturday. Temperatures could feel like 110 degrees or more.
The annual 3% increase affects trains, buses, light rail and the Access Link. It comes as commuters have been dealing with service issues.
From Long Island to the World Cup, Joe Scally is making his hometown proud playing with the U.S. men's national team.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012. CBS News New York's Lonnie Quinn, Doug Williams, Mahsa Saeidi, Dave Carlin and Christine Sloan have team coverage.
New York City Thursday tied the record high temperature of 100 degrees set on this date in 1966.
Point Lookout and other areas on Lido Beach were immediately red-flagged for swimming after the shark was spotted in the water.
The National Weather Service has issued an Extreme Heat Warning for the entire region through Saturday. Temperatures could feel like 110 degrees or more.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
Jersey City Mayor James Solomon is now lowering a proposed tax hike from 20% to 15%, but many residents says it's still a painful pill to swallow.
Investigations are underway into possible fraudulent activity at some of these kinds of facilities across New York, CBS News has learned.
Mayor Zohran Mamdani will give a major speech in front of the George Washington desk at City Hall on Friday morning to mark America's 250th birthday, sources say.
A federal judge has temporarily blocked the Justice Department from executing subpoenas in a criminal probe that sought transgender care records for patients treated at New York hospitals.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
Two elite event designers shared their thoughts on how Taylor Swift's team might transform Madison Square Garden.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Taylor Swift has had a decadeslong history with Madison Square Garden, performing there as early as 2003 and even celebrating her 30th birthday at the venue.
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
Camilo Doval forced in the go-ahead run with a bases-loaded walk in a four-run 11th inning that gave the Tigers a 6-2 victory over the Yankees on Wednesday.
Sean Keys hit his first career home run, Myles Straw added a pinch-hit shot and the Blue Jays beat the Mets 9-3 in a Canada Day matinee Wednesday.
The Boston Celtics have reportedly signed NBA free agents Mitchell Robinson and Mike Conley Jr.
Riley Greene hit two of Detroit's four homers off Cam Schlittler as the Tigers beat the Yankees 9-3 on Tuesday night and sent New York to its season-worst sixth straight loss.
The World Cup is renewing the call for ferry service from West Harlem.
As children cooled off in a splash pad steps from the empty Red Hook Pool, families in the neighborhood said they are once again waiting for answers about when the public pool will open for the summer.
Miss Subways was a citywide contest that highlighted everyday New York women doing amazing things. The competition no longer exists but former titleholders say the message still rings true.
Fans gathered at the Brooklyn Public Library on Thursday for limited-edition card marking 30 years of "Reasonable Doubt."
After learning to swim in her 40s, one school leader is helping students gain life-saving skills.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
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.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Lonnie Quinn has your First Alert Forecast for July 2 at 11 p.m.
The NYPD is getting ready for what they are calling one of the biggest security operations on the waterways in years. CBS News New York's Naveen Dhaliwal reports.
Street restrictions around Madison Square Garden began Thursday night ahead of Taylor Swift and Travis Kelce's wedding on Friday. CBS News New York's Ali Bauman reports.
New York City's health department is investigating a community cluster of Legionnaires' disease on the Upper East Side.
Thursday was the hottest day of the year, and the dangerous conditions put a stress on Con Edison's power grid. Thousands of customers in New York City lost power, and some had their power reduced to conserve energy. CBS News New York's Adi Guajardo reports.
