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.
According to a CBS News poll, 85 percent of those surveyed said they do not approve of the job Congress is doing.
Sunday marked the fifth anniversary of the collapse of the Lehman Brothers investment bank collapse, and one expert said the situation has not really improved.
Manasquan is one town whose revenue decline can be attributed to just about every problem experienced along the shore. Beach revenue, including from parking, was down $290,000 through July 21.
The summer spike in gas prices has drivers feeling the pain at the pump, but that financial stress could be rippling through the rest of the economy as well.
The birthplace of suburbia needs an upgrade if it hopes to hold on to a strong economy, according to experts meeting in Farmingdale about the future of Long Island.
The House voted 89-53, with eight lawmakers not voting, to pass the bill. The vote came nearly a week after the state Senate approved the legislation.
We've heard the overall headline that home sales are the best in seven years. But we wanted to break down the trends for the New York City area.
A strong Long Island economy is dependent on a immigrant workforce, according to Joe Gergela of the Long Island Farm Bureau.
President Barack Obama said the national union is strong State of the Union Address Tuesday night, but he still has a raft of sticky-wicket problems to deal with at home and abroad.
Superstorm Sandy could wind up benefiting the New Jersey economy. That's the expert opinion from the Bloustein School of Public Policy and Planning at Rutgers University.
President Barack Obama demanded Monday that Congress raise the federal debt limit quickly and said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago in Newtown, Conn.
As economic uncertainty persists, many people are looking for ways to save money. One of the ways they are doing it is by cutting corners at home, but that decision, according to experts, could be costly.
Tax doomsday is looming, but it's still a political standoff in D.C., with one side seemingly waiting for the other to act. While the Senate is already in session, the House will not be back before Sunday.
New York State Comptroller Thomas DiNapoli says that if the federal government goes over the 'fiscal cliff,' it would mean a big hit in the wallet for Empire State residents.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.
Obama is hoping to promote the discussion of the Bush tax cut extensions by getting people hooked on the topic and by getting them to use the #My2K hashtag on Twitter.
Most Americans who traveled during this Thanksgiving holiday came face to face with an American reality: while there is much to be thankful for, our infrastructure is not one of those things.
After all the hype regarding Walmart employees' discontent with their employer and the threat of a strike on Black Friday, the long holiday weekend was saw banner sales and virtually no protest at Walmarts.
Will superstorm Sandy and the economy have a negative effect on holiday shopping? Not if you ask one local shopping center owner.
Grover is the ultimate in single interest constituencies in Washington. He is not accountable to anybody. He does not disclose who funds him, who pays him to do what he does or how much he is paid to blackmail GOP Members of Congress to sign his pledge not to raise taxes.
If Republicans, as a political party, continue this hostility toward science then they do not understand the driving force that science and innovation play in our economy. It also is another proof point in the case that Democrats made about Republican math not adding up.
There is a new breed of truthers on the right. Joining the paranoid ranks of the advocates of a government role in 9-11 and the birthers fascination with President Obama's birth certificate are conservatives that believe the Bureau of Labor Statistics (BLS) is making up jobs numbers to benefit President Obama.
In no time, conservatives will be trying to hold back the smirks as these liberals slowly but surely realize what they've done to our country.
Today, Republicans feel a combination of confusion, disbelief, and anger as to how a slim majority of Americans can possibly want four more years of the Obama administration in the White House. To many, it seems inconceivable that people want to take a chance on more of the same.
Jalen Brunson scored 35 points and the Knicks defeated the struggling Raptors 117-101 in the NBA Cup quarterfinals on Tuesday night.
One driver claims an E-ZPass representative made a mistake entering her plate information into the system, and now it is costing her thousands.
Emil Heineman scored the winning goal in the shootout and Bo Horvat scored twice in regulation as the Islanders beat the Golden Knights 5-4 on Tuesday.
Cody Glass scored the tiebreaking goal on a wrist shot with 7:36 remaining, and the Devils beat the Senators 4-3 on Tuesday night.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
One driver claims an E-ZPass representative made a mistake entering her plate information into the system, and now it is costing her thousands.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
A hearing is underway that will soon decide the fate of West Park Presbyterian, a 135-year-old landmark church on the Upper West Side.
A man has been charged with attempted murder in the shooting of New York Jets player Kris Boyd outside a New York City restaurant in November.
The Archdiocese of New York is taking steps to compensate hundreds of victims who allege they were sexually abused.
Authorities have released new details about the Dec. 2 standoff in Stamford, Connecticut, including video of officers inside an armored vehicle as it takes fire from the gunman and audio from a phone conversation between the gunman and a hostage negotiator.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
If you're heading out, brace yourself — it's the coldest day of the season so far.
CBS News New York has learned Jed Parkington, who died by suicide during a standoff with law enforcement on Tuesday, was fascinated with Nazi Germany.
"Driven Into Debt," CBS News New York's latest investigative series, has uncovered a simple truth -- unpaid tolls can quietly spiral into crushing debt.
The family of Mortimer Wortman IV, a Rutgers University student reported missing more than two weeks ago, continues to search for answers in his disappearance.
Three members of a family of four were killed in a crash on the New Jersey Turnpike, leaving their community heartbroken.
Three people are dead, including a minor, after a crash in East Windsor Township on the New Jersey Turnpike, state police said.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
Police in New Jersey are investigating a series of home break-ins with suspects allegedly targeting high-end cars.
Blakeman, the two-term Nassau County executive, formally launched his 2026 campaign for governor of New York early Tuesday morning.
Republican Nassau County Executive Bruce Blakeman is entering the 2026 New York governor's race, sources tell CBS News New York.
Sunday's weather was calm and pleasantly chilly, but big changes are in store as we begin the new work week.
A man is now in custody in Florida in connection to the 1997 murder of Tanya Denise Jackson on Long Island.
Nassau County Police charged Vito D'Ambrosio, of Seaford, with murdering his parents at A&A Italian Deli and Pizza in Bethpage.
A Brooklyn man says his husband was detained by ICE at a routine green card interview at 26 Federal Plaza in November.
President Trump spoke about affordability and his economic agenda in the Poconos, in northeastern Pennsylvania, Tuesday night.
The Justice Department can release investigative materials from a sex trafficking case against Ghislaine Maxwell, the longtime confidant of Jeffrey Epstein, a federal judge ruled.
Blakeman, the two-term Nassau County executive, formally launched his 2026 campaign for governor of New York early Tuesday morning.
A cancer survivor is among the residents at a NYCHA building on the Upper West Side of Manhattan concerned about dark smoke coming from a temporary boiler outside.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
New York has no plans to change hepatitis B vaccine guidance after a Centers for Disease Control advisory panel voted to stop recommending a first dose for newborns.
In New York alone, there have already been more than 17,000 flu cases and nearly 1,000 hospitalizations, and doctors anticipate it's only going to get worse as more people gather for the holidays.
Colette Smith of the Bronx was diagnosed with lung cancer, despite never smoking. Her survival story is central to her push for early detection.
Some New Yorkers want the mayor-elect to appoint a new "rat czar" when he takes office after an uptick in rat sightings.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
The iconic Wythe Diner was physically moved Saturday from its location in Williamsburg to Steiner Studios in Brooklyn's Navy Yard.
Japanese officials said Jeremy O Harris, known for his Tony-nominated "Slave Play" and his role in the series "Emily in Paris," was arrested on the island of Okinawa on Nov. 16.
Rapper Tekashi 6ix9ine has been sentenced to three more months in prison for violating his supervised release terms in a New York gang case.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Jalen Brunson scored 35 points and the Knicks defeated the struggling Raptors 117-101 in the NBA Cup quarterfinals on Tuesday night.
Emil Heineman scored the winning goal in the shootout and Bo Horvat scored twice in regulation as the Islanders beat the Golden Knights 5-4 on Tuesday.
Cody Glass scored the tiebreaking goal on a wrist shot with 7:36 remaining, and the Devils beat the Senators 4-3 on Tuesday night.
Edwin Díaz has agreed to a $69 million, three-year contract with the World Series champion Dodgers, The Associated Press reported Tuesday.
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
Residents on East 57th Street say reckless drivers have caused life-altering injuries and even death, but despite petitions and years of advocacy, the city has yet to install a speed bump.
Neighbors in Brooklyn's Victorian Flatbush are expressing frustration after the city designated only part of their area as a historic district.
Brooklyn's Prospect Park is getting financing for a long-term project to battle the impacts of climate change, city leaders say.
The Brooklyn Conservatory of Music plans a 12,000-square-foot campus at One Prospect Park West, aiming to serve thousands more with music therapy and education programs.
Some residents at NYCHA's Eastchester Gardens in the Bronx say they've been shivering on and off all week.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
In total, about 91,000 pounds of food were donated for families in need. First baseman Ben Rice was there Tuesday helping out and spreading holiday joy. CBS News New York's Kristine Johnson reports.
CBS News New York's Lonnie Quinn says the models are currently in disagreement about how much snow the city could see Sunday, but even if it gets some it won't be much.
Some drivers claim they have no idea anything is wrong until the bill is suddenly in the thousands of dollars. Investigative reporter Mahsa Saeidi shows us how fast that can happen.
Huge flames and heavy smoke poured from the building, causing part of the roof to collapse onto the top floor. CBS News New York's Naveen Dhaliwal spoke with tenants who tried to help others escape.
CBS News New York's Ali Bauman has the latest on the accused United Healthcare CEO killer's day at an evidence suppression hearing in New York City.
