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.
Watch CBS News
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.
FC Dallas beat the New York Red Bulls 2-0 on Saturday night to snap a four-game winless streak.
A passenger was detained at Newark Airport in New Jersey on Saturday after an altercation on board a United Airlines flight, police said.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
A small plane crashed at an airport in Union County, New Jersey, on Saturday.
A beam from the wreckage of Ground Zero will travel to more than 35 cities across 21 states to honor the 2,977 people who died in the 9/11 terror attacks.
A beam from the wreckage of Ground Zero will travel to more than 35 cities across 21 states to honor the 2,977 people who died in the 9/11 terror attacks.
The annual TD Five Boro Bike Tour is rolling through New York City Sunday, with tens of thousands of cyclists expected to participate.
A brazen motorized wheelchair theft was caught on video in the Bronx. It happened early in the morning of April 21 in the lobby of a building at Grand Concourse and East 161st Street, police said.
Police identified the suspect in the deadly stabbing of two women on Long Island, saying he lived with one of them and worked with the other.
A limited edition shoe drop at a Vans store in Midtown Manhattan sparked chaos Thursday and landed two people in handcuffs.
A cool weekend is ahead for the New York City area before warmer weather returns.
Some residual showers may linger into early Sunday morning, but the majority of the rainfall should be over by sunrise.
Amtrak announced Thursday it is suing Metro-North for allegedly blocking nonrevenue trains on a portion of the busy Northeast Corridor for over two months.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
Colder weather returns to the New York City area this week with sub-freezing temperatures in the suburbs.
A passenger was detained at Newark Airport in New Jersey on Saturday after an altercation on board a United Airlines flight, police said.
A small plane crashed at an airport in Union County, New Jersey, on Saturday.
A cool weekend is ahead for the New York City area before warmer weather returns.
A man who was shot inside the Freehold Borough Public Library in New Jersey on Thursday remains in critical condition, officials say.
A suspect in a deadly shooting at a Chick-fil-A in New Jersey has been arrested, police say.
Police identified the suspect in the deadly stabbing of two women on Long Island, saying he lived with one of them and worked with the other.
A suspect is in custody after two people were stabbed to death on Long Island early Friday morning, Nassau County police said.
Suffolk County officials say contamination from a former Grumman Navy site is far worse than previously acknowledged and is still spreading.
The Suffolk County Police Department has converted a seized 2020 Corvette Stingray Coupe into a full-fledged police car, with lights and siren, to raise awareness about driving while under the influence.
Residents said anti-Muslim vandalism was found on at least eight stop signs in the area of Carto Circle in Deer Park.
Thousands rallied on International Workers' Day across the five boroughs, including on Wall Street, where hundreds blocked the New York Stock Exchange.
President Trump said earlier this week he was reviewing the possible reduction of troops in Germany, which hosts more than 35,000 U.S. service members.
The Trump Administration is once again taking aim at New York City's congestion pricing program.
Negotiations over a $500 million dollar government aid package for Spirit stalled after bondholders balked at the terms.
The New York governor wants confirmation that ICE agent Jonathan Ross was not moved to New York after the Minneapolis killing of Renee Good.
Keyport residents say they're on edge because of dozens of cancer cases over the years in a neighborhood near the former Aeromarine landfill.
The B.R.O. Experience Foundation uses cognitive behavioral therapy, mentorship and creative expression to support men of color navigating identity.
Travelers at Newark Airport may have been exposed to an individual with measles, New Jersey health officials warn.
The Tri-State Area has the dirtiest air in the U.S. east of Texas, according to The American Lung Association's newly released "State of the Air" report.
The 16th Annual Lustgarten Foundation New York City Walk for Pancreatic Cancer Research was held Sunday in Battery Park City.
"The Ed Sullivan Show" on CBS brought the evolution of rock music into America's living rooms. More than 50 years after Sullivan died, he's getting the ultimate rock 'n' roll honor.
Megan Thee Stallion has decided to end her run with "Moulin Rouge! The Musical" early, the Broadway show announced on Monday.
The woman accusing Harvey Weinstein of raping her at a Manhattan hotel room in 2013 took the stand Monday in the third trial of the disgraced movie mogul.
Ticketmaster will be rereleasing tickets for Harry Styles' upcoming concerts in New York City that were originally purchased by scalpers, the company says.
The upcoming fashion exhibit at the Metropolitan Museum of Art includes 25 mannequins based on real bodies.
FC Dallas beat the New York Red Bulls 2-0 on Saturday night to snap a four-game winless streak.
Cherie DeVaux became the first woman to train the winner of the opening leg of the Triple Crown.
Cody Bellinger went 4 for 4 with two homers and four RBIs, leading the New York Yankees over the Baltimore Orioles 9-4 on Saturday.
The Yankees beat the Orioles 7-2 on Friday night for their 11th victory in 13 games, overcoming a home run by Pete Alonso in his return to New York.
FIFA and NJ Transit said unsanctioned shuttle and bus companies will not be allowed to drop off ticketholders at MetLife Stadium.
In New York City, where land is at a premium, a stockpile of pristine soil unearthed at construction sites helps lower emissions and support urban farmers.
Have you ever wondered what happens to a restaurant's leftover or unsold food at the end of the day? Food access advocates say it could make a big difference if it were served to the community.
A new report finds a shortage of courts, fields and swimming pools in some New York City neighborhoods.
Residents living near New York City's busiest airports say the noise overhead has escalated from a nuisance to a health concern.
Construction began Tuesday on a major redesign of Flatbush Avenue in Brooklyn.
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 Vanessa Murdock has your weather forecast for May 2 at 11 p.m.
Thousands of runners took part in the 3rd Annual New York Road Runners Mindful 5K on Saturday.
Landmarks across New York were shining red Saturday to honor firefighters who died in the line of duty.
A delivery driver was shot and injured in East New York, Brooklyn, on Friday, police sources say.
Police say a 22-year-old on Long Island killed two women just hours apart in two different locations this week. CBS News New York's Naomi Ruchim reports.
