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 lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
A restraining order on New York City's new pied-à-terre tax has been temporarily lifted.
One week after a fatal fire in the Bronx, some residents were allowed back inside for the first time Thursday to retrieve whatever they could salvage.
After a father of three was killed earlier this week by an allegedly impaired driver on Long Island, labor groups and officials are pleading with drivers to slow down and drive cautiously in work zones.
Previously, only NYC sidewalk cafes could operate in all season, while cafes on the street were open only from April through November.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
A restraining order on New York City's new pied-à-terre tax has been temporarily lifted.
One week after a fatal fire in the Bronx, some residents were allowed back inside for the first time Thursday to retrieve whatever they could salvage.
After a father of three was killed earlier this week by an allegedly impaired driver on Long Island, labor groups and officials are pleading with drivers to slow down and drive cautiously in work zones.
Previously, only NYC sidewalk cafes could operate in all season, while cafes on the street were open only from April through November.
The potential for severe storms and downpours returns to the Tri-State Area Monday as sweltering temperatures continue.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York area will get some brief relief Sunday from the humid weather.
Friday evening brought yet another round of prolific thunderstorms to the Tri-State Area.
A 16-year-old boy was killed after he was hit Wednesday night by a Metro-North train going from Danbury to South Norwalk, police said.
Rey Grabato II is wanted by the FBI for allegedly scamming hundreds of New Jersey investors out of millions.
Belleville residents said flames broke out in a home on Crescent Terrace just before 3 a.m. Thursday, before spreading.
A family in Newark, New Jersey, is demanding answers after a teenager was hit by a driver and killed while walking home Sunday night.
A string of cyberattacks on water systems across the nation, including in New Jersey, has put many local towns on edge.
Police have made an arrest after a mother and child were hit crossing the street Tuesday morning in New Jersey.
After a father of three was killed earlier this week by an allegedly impaired driver on Long Island, labor groups and officials are pleading with drivers to slow down and drive cautiously in work zones.
After a father of three was killed earlier this week by an allegedly impaired driver on Long Island, labor groups and officials are pleading with drivers to slow down and drive cautiously in work zones. CBS News New York's Carolyn Gusoff reports.
If you live in Uniondale, Garden City, East Meadow, Mineola and Hempstead, there will be heavy traffic and road closures, County Executive Bruce Blakeman says. CBS News New York's Kristine Johnson reports.
The grieving family is trying to get to the bottom of what happened to two men found shot dead in their home. CBS News New York's Aziza Shuler reports.
The sister of two brothers who police say were shot to death in their Long Island home is opening up about her loss. CBS News New York's Adi Guajardo reports.
Tehran has asserted that the Strait of Hormuz is "under Iran's control and management" after President Trump said the U.S. might "keep it."
A string of cyberattacks on water systems across the nation, including in New Jersey, has put many local towns on edge.
President Trump secretly moved from Air Force One to another plane within a day of U.S. and Turkish intelligence picking up on an Iranian plot to fire a missile at the jet, CBS News has learned.
A new poll in the New York governor's race shows Gov. Kathy Hochul's lead over challenger Bruce Blakeman narrowing as likely voters start focusing on the November ballot.
President Trump said Karoline Leavitt will be leaving her role to focus on her young family.
New Yorkers who buy their own health insurance could pay more as insurers file requests with the State Department of Financial Services to increase premiums.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The New York Hotel and Gaming Trades Council claims The High Line Hotel tested positive for Legionella bacteria twice this summer.
Several lawsuits were announced Thursday against New York City and others connected to a deadly 2025 Legionnaires' outbreak in Harlem.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.
Actor and comedian Bowen Yang will portray Mary Todd Lincoln in Broadway's "Oh, Mary!" for a limited 12-week run starting in September.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
A piece of New York City sports history sold for tens of thousands of dollars at auction.
Logan Gilbert pitched six innings and combined with three relievers on a four-hitter as the Mariners ended a six-game skid with a 1-0 victory over the Yankees on Thursday.
Cade Klubnik's confidence on the field has impressed his Jets teammates just as much as his big throws and quick grasp of the playbook.
The Yankees erased an early deficit and pulled away for a 10-5 victory over the skidding Mariners on Wednesday night.
Ryan McMahon and Trent Grisham each hit a two-run single in the seventh inning to send the Yankees past the slumping Mariners 4-1 on Tuesday night.
Some residents of a Queens building say a temporary boiler truck parked outside has become a nearly two-year fixture, emitting smoke they say drifts into their homes.
Harlem Week 2026 brings past and present Harlemites together to honor the neighborhood's legacy.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
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.
A restraining order on New York City's new pied-à-terre tax has been temporarily lifted.
The lineup for the 2026 Global Citizen Festival in New York City was announced Thursday.
The family of the victim is demanding answers as the search continues for a person of interest. CBS News New York's Ali Bauman reports.
Tenants across five rent-stabilized buildings in Queens are suing one of the city's largest landlords, accusing them of illegal rent hikes.
The FBI is searching for a man accused of scamming investors out of more than half a billion dollars in a Ponzi scheme.
