'Misled' investors sue BofA
'Misled' investors sue BofA
Bank of America was sued by 15 former Countrywide Financial institutional investors who said they lost money after being misled about the mortgage lender's financial condition and lending practices. BlackRock, the California Public Employees' …
Read more on New York Post
Considering Money Transfers in Calculating Credit Scores
By ANN CARRNS Can data about electronic money transfers be used to help create credit scores for people who rely on them? That's the subject of a study to be undertaken by the new Consumer Financial Protection Bureau. The agency, which officially …
Read more on New York Times (blog)
Debt Ceiling Ripples Spread To Money Markets, Repos, Volatility
Money market funds and repo markets are used by major corporations and banks to finance their day to day operations, they are “a key artery of the economy” according to DealBook. As managers position themselves to avoid “breaking the buck,” or seeing …
Read more on Forbes (blog)
