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BofA's Ken Lewis agrees to three-year ban

Bank Of America Corner Signs

Former Bank of America Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company’s officer or director and to pay $10m to settle claims by New York’s attorney general that he misled investors about the bank’s 2009 purchase of Merrill Lynch.

Wells Fargo probed over foreclosure papers

Pointing Finger

New York Attorney General Eric Schneiderman and three major regulators are investigating allegations made in a federal court case that Wells Fargo has set up detailed internal procedures to fabricate foreclosure papers on demand.

Fabulous Fab ordered to pay $650,000

Pile Of Coins

Fabrice Tourre, the former Goldman Sachs trader who reaped millions of dollars on Wall Street before a federal investigation derailed his career and redefined him as both a symbol and a scapegoat of the financial crisis, is now losing a piece of that small fortune to the government.

Court approves BofA's $8.5bn mortgage settlement

Bank Of America Building

A New York state judge on Friday approved most of Bank of America's $8.5 billion settlement with investors in mortgage securities, which would resolve much of the bank's liability from its acquisition of Countrywide Financial during the financial crisis.

Citigroup pays $250m to settle

Citi Building Sign

Citigroup paid $250m to taxpayer-owned Fannie Mae and Freddie Mac to settle a lawsuit over soured mortgage securities, the regulator of the two housing finance firms said on Thursday.

Bank of America CEO didn't save the day

Bank Of America Building

Isabel Santamaria thought she finally caught a break in her effort to save her Florida home from foreclosure after nine frustrating months: She reached Bank of America's Office of the CEO and President.

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