In the last fiscal year, the federal government recovered a record $5.69 billion under the False Claims Act. And as recoveries have increased, so have the awards for those whistleblowers who play a crucial role in exposing cases of fraud.
By Saskia de Melker
The day after Bank of America's record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom -- from consumers to shareholders --…
By Simone Pathe
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier…
By PBS NewsHour
WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
By Pete Yost, Marcy Gordon, Associated Press
By Jeff Horwitz, Associated Press
WASHINGTON -- Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
By Simone Pathe
On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve. The central bank released the results of its “stress test” of 30 bank-holding companies with…
In a scandal that triggered a CEO resignation, an investigation and basic questions about the integrity of the financial system, British bank Barclays paid $450 million in fines last week to settle accusations that it helped rig the Libor rate.
Bank of America agreed to pay a $335 million settlement Wednesday over allegations of racial bias in home mortgage lending involving Countrywide Mortgage, which the bank bought in 2008. Jeffrey Brown discusses the investigation and settlement with Illinois Attorney General…
Bank of America announced Thursday it will tack on a new $5 monthly fee for customers who use a debit card to make purchases. Jeffrey Brown leads a debate about the new fees and what they mean for banks and…
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