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Testimony in a New Jersey foreclosure case decided last week may spell big trouble for Bank of America (BAC). If what one bank employee said on the stand proves to be accurate, paperwork problems ...
Meanwhile, the Federal Trade Commission has begun mailing checks as part of the $108 million settlement it reached with Countrywide, now owned by Bank of America , in June 2010, the FTC said ...
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Angelo Robert Mozilo (December 16, 1938 – July 16, 2023) was an Italian American mortgage industry banker who was co-founder, chairman of the board, and chief executive officer of mortgage giant Countrywide Financial until July 1, 2008. Mozilo retired shortly after the sale to Bank of America for a total of $4.1 billion in stock.
Lagow filed a lawsuit resulting in a $1 billion settlement against Bank of America , which took over Countrywide in 2008. Lagow wasn't alone in calling out his bosses for bad behavior.
Franklin National Bank was a bank based in Franklin Square on Long Island, New York. It was once the United States ' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances involving Michele Sindona , who was a renowned Mafia -banker and member of the irregular freemasonic lodge Propaganda Due .
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