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.
Kyle Busch, who won more races in NASCAR's top three series than anyone in history, died suddenly on Thursday.
U.S. officials and negotiators were discussing a process to reopen the Strait of Hormuz, sources briefed on the conversations said.
The Rays are 4-0 against the Yankees and lead New York by 5 1/2 games in the AL East.
The FDNY said it responded to a fire on the second floor of a three-story building on Nostrand Ave., between Beverly Rd. and Cortelyou Rd.
Welles Crowther, the Boston College graduate remembered as "The Man in the Red Bandana" for his heroism during the 9/11 attacks, will be posthumously awarded the Presidential Medal of Freedom.
The FDNY said it responded to a fire on the second floor of a three-story building on Nostrand Ave., between Beverly Rd. and Cortelyou Rd.
One teenager is dead and another was critically hurt after subway surfing on the Williamsburg Bridge on Friday.
Rob Base, the MC whose lyrics lit up the dancefloor classic "It Takes Two" and got countless people moving worldwide, passed away Friday.
The grassroots group pushed for bilingual policing, victim support and anti-gang efforts as Brooklyn's Chinatown rapidly grew.
The USCGC Vincent Danz, named after a Marine veteran and 9/11 first responder, officially entered service at the Intrepid Museum.
It's going to be a soggy start to summer with rainy weather and cool temperatures across the Tri-State Area for Memorial Day Weekend.
It's a gloomy day with rain lingering across the Tri-State Area as Memorial Day weekend shapes up to be unsettled.
Severe storms caused damage and flooding across New York and New Jersey on Wednesday.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
A group of protesters gathered Friday at Newark's Delaney Hall, saying their loved ones held there are enduring horrible conditions at the ICE detention facility.
It's going to be a soggy start to summer with rainy weather and cool temperatures across the Tri-State Area for Memorial Day Weekend.
A United Airlines flight from Newark Liberty Airport was forced to make an emergency landing after a passenger allegedly tried to open a door.
The NYPD has obtained the green light to shoot drones out of the sky over worries about the possibility of a terror attack during a summer of high-profile events in New York City.
A limited number of affordable tickets to the FIFA World Cup will be available through a lottery opening at 10 a.m. Monday.
At Jones Beach, Memorial Day Weekend may be more of a washout than beach weather.
Three women were charged with killing 7-year-old Jor'Dynn Duncan inside an alleged house of horrors in Bayport, New York.
It's going to be a soggy start to summer with rainy weather and cool temperatures across the Tri-State Area for Memorial Day Weekend.
A 7-year-old girl died in December on Long Island after prosecutors say she was abused and tortured by the people who were supposed to care for her.
Drivers on Long Island say the cost to fill up is becoming a significant source of stress and taking a toll on their moods.
U.S. officials and negotiators were discussing a process to reopen the Strait of Hormuz, sources briefed on the conversations said.
A group of protesters gathered Friday at Newark's Delaney Hall, saying their loved ones held there are enduring horrible conditions at the ICE detention facility.
President Trump visited Rockland County on Friday to endorse Rep. Mike Lawler in the battle for the 17th Congressional District.
A federal district judge granted Kilmar Abrego Garcia's motion to dismiss two criminal charges on the grounds his prosecution was vindictive and selective.
The Trump administration on Friday announced a sweeping policy designed to make it harder for immigrants already in the U.S. to get permanent residency.
New York City's Department of Health is evaluating an East Village apartment complex after two residents were diagnosed with Legionnaires' disease over the course of a year.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
Rob Base, the MC whose lyrics lit up the dancefloor classic "It Takes Two" and got countless people moving worldwide, passed away Friday.
"Romeo and Juliet" is being shown at Central Park starting Friday night through June 28. Free tickets can be attained through a lottery.
After nearly a century on the air, CBS News Radio signed off, with the final reports airing on Friday, May 22.
Stephen Colbert hosted "The Late Show" for the final time Thursday night as the franchise came to an end after 33 years.
The Museum of Broadcast Communications in Chicago already has one of Stephen Colbert's old desks, and now it will receive the whole "Late Show" set.
Kyle Busch, who won more races in NASCAR's top three series than anyone in history, died suddenly on Thursday.
The Rays are 4-0 against the Yankees and lead New York by 5 1/2 games in the AL East.
Eury Pérez gave up just Juan Soto's solo homer in the first inning and was solid pitching into the seventh, Owen Caissie drove in both of Miami's runs and the Marlins edged the New York Mets 2-1.
Gerrit Cole pitched six scoreless innings, but shortstop José Caballero's error boosted the Rays over the Yankees 4-2 on Friday night.
Bergen County Executive James Tedesco wants FIFA to offer his residents low-cost tickets after it helped NYC secure $50 tickets for 1,000 residents.
The grassroots group pushed for bilingual policing, victim support and anti-gang efforts as Brooklyn's Chinatown rapidly grew.
Advocates estimate one-third of the 200-acre park in Flushing is still without functioning drinking fountains and bathrooms.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
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.
Cellphone video shows flames shooting out of the windows of an apartment on Nostrand Avenue. CBS News New York's John Dias reports.
Toms River officials said no one under 18 is allowed out in the Barrier Island section after 10 p.m.
Sources tell CBS News the U.S. is preparing for more strikes on Iran, though no final decision has been made. CBS News New York's Wendy Gillette reports.
The explosion and fire in Mariners Harbor left one person dead and over 30 people, including many FDNY members, with injuries. CBS News New York's John Dias reports.
Firefighters rushed to the scene overnight on West Tremont Ave. in the Bronx.
