Bank of America
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.
Dragos Osanu is scheduled to be sentenced Friday in U.S. District Court in Bridgeport after pleading guilty last year to conspiracy to commit bank fraud.
The search was on Monday night for tech-savvy bank thieves in New Jersey. Their brazen heist began with a small device hooked up to an indoor ATM machine at Bank of America in Hasbrouck Heights.