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.
Leaders from around the Tri-State Area are encouraging fans to use public transportation to get to and from the World Cup matches.
Police said the 17-year-old suffered a seizure from people punching and kicking him in the head during an argument after the Knicks-Spurs Game 4.
The suspect, Victor Mata Villarreal, was wanted for attempted murder of a police officer after shooting at law enforcement during a vehicle chase earlier this week, officials said.
Early voting in the New York primary election gets started Saturday.
New York City's John F. Kennedy International Airport was partially evacuated Friday morning.
Leaders from around the Tri-State Area are encouraging fans to use public transportation to get to and from the World Cup matches.
Police said the 17-year-old suffered a seizure from people punching and kicking him in the head during an argument after the Knicks-Spurs Game 4.
Early voting in the New York primary election gets started Saturday.
New York City's John F. Kennedy International Airport was partially evacuated Friday morning.
The Teens for Food Justice Hydroponic Farm at the Urban Assembly Maker Academy is a triumph. Rows of fresh vegetables, from cucumbers to kale to basil to arugula, are all grown there, and the kids are responsible for it.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Thursday and Friday will be First Alert Weather Days in the New York City area, with high temperatures and the chance for strong storms.
The Stamford Fire Department said high winds ripped the 3,000-square-foot flag off the pole atop the WWE building and sent it flying into electrical wires.
Storms hit the New York City area on Saturday, bringing damaging winds, hail and downpours across the region.
It's unseasonably warm in New York City on Wednesday as humidity adds to the summer-like weather. There's also a slight chance for showers in parts of the Tri-State Area.
Leaders from around the Tri-State Area are encouraging fans to use public transportation to get to and from the World Cup matches.
Dangerous heat and severe storms are back in the picture for New York City and the surrounding area in Friday's weather forecast.
The first World Cup game at MetLife Stadium is Saturday, and it will be a major test for NJ Transit. Here's what to expect.
With the temperatures rising into the 90s and a dangerous heat index, Newark, New Jersey, is activating a Code Red warning to keep residents and soccer fans attending World Cup festivals safe.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
Dangerous heat and severe storms are back in the picture for New York City and the surrounding area in Friday's weather forecast.
The man accused of driving drunk and killing a Nassau County police officer in January has changed his plea to guilty.
Long Island reporter Jennifer McLogan was presented with a Lifetime Achievement Award at the 2026 Folio Awards Luncheon.
Dangerous heat is building across the Tri-State Area with the threat of severe storms, making Thursday and Friday First Alert Weather Days.
A Long Island woman says her efforts to avoid check washing didn't keep her from being robbed, calling the experience "upsetting and disheartening."
Early voting in the New York primary election gets started Saturday.
New York Gov. Kathy Hochul is reacting to threats from President Trump's border czar about sending more ICE agents to the state.
Multiple floors of the Pentagon were locked down for several hours Thursday morning and hazmat crews were deployed for what authorities had described as a "hazardous materials incident."
A judge has found former New York City Comptroller Brad Lander not guilty in a bench trial over his arrest at the city's immigration court last fall.
The bench trial of former New York City Comptroller Brad Lander over his arrest at the city's immigration court last fall got underway on Wednesday in Manhattan.
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.
New Jersey Gov. Mikie Sherrill is urging people to donate blood ahead of the summer months.
There's no vaccine for the Bourbon virus, nor medicine to treat it, according to the U.S. Centers for Disease Control and Prevention.
Marie Francillion was diagnosed with lung cancer after she was feeling heartburn and shoulder pain. She said she's able to remain hopeful and spend more time with her family because of a different type of treatment.
Taylor Swift attended Game 4 of the NBA Finals between the Knicks and Spurs at Madison Square Garden on Wednesday.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
The Broadway revival of the musical (nominated for 11 Tony Awards) depicts drama, joy and heartbreak in the pursuit of the American Dream at the turn of the 20th century, with parallels to the contemporary world, from issues of race to the immigrant experience.
Madonna performed a surprise concert in Times Square weeks before the release of her "Confessions II" album.
Knicks superfan Spike Lee stopped by CBS Mornings to give his thoughts as the Knicks get set to play in the NBA Finals, and he offered his prediction, too.
Leaders from around the Tri-State Area are encouraging fans to use public transportation to get to and from the World Cup matches.
The first World Cup game at MetLife Stadium is Saturday, and it will be a major test for NJ Transit. Here's what to expect.
Juan Soto hit a go-ahead homer in the seventh inning and the New York Mets earned a 5-4 win over the St. Louis Cardinals on Thursday.
The NYPD said "reckless and dangerous" fan behavior before and after the game between the Knicks and Spurs justified stepped-up security around the Garden.
A video shared online shows at least one egg tossed in the direction of the San Antonio Spurs superstar as he entered his hotel following the loss to the Knicks.
A years-long battle is intensifying over the future of an old rail line in Queens that was abandoned after a fire over 50 years ago.
Harlem's historic Cotton Club recently announced it was up for sale. The news comes as jazz clubs across the borough disappear.
Jasir Gipson was shot by a stray bullet at 5 years old while walking with his mother. More than a decade later, he's graduating from high school with nothing but a smile.
Garbage piling up near freight train tracks is frustrating many Maspeth residents.
Residents and elected officials are urging the MTA to reopen the Long Island Rail Road's former Elmhurst station, arguing that the neighborhood has outgrown its current transit options.
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.
Mary Calvi talked to Saraciea J. Fennell, founder of The Bronx is Reading about the 9th Annual Bronx Book Festival. More than 35 authors, including New York Times Bestselling authors S.A. Cosby, Kennedy Ryan, and Tiffany D. Jackson, will appear at the festival on Saturday, June 20, 2026
A Brooklyn apparel studio teamed up with Mayor Zohran Mamdani to create affordable jerseys for World Cup fans.
John Elliot has the Tri-State Area's updated Friday afternoon First Alert Forecast on CBS News New York.
At around 7:45 a.m., a woman told an airline worker at a check-in counter she had a bomb in her bag, Port Authority Police said.
Police say the man was stabbed after a fight in the park.
