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Gov’t files $25B mortgage settlement in court

By The Associated Press
Published: March 15,2012

The government filed in federal court Monday a $25 billion settlement with the five largest mortgage lenders, putting an official stamp on the landmark agreement over alleged foreclosure abuses.


Moody’s could lower Bank of America, Wells Fargo ratings

By Mecklenburg Times staff reports
Published: June 2,2011

Bank of America and Wells Fargo could see their debt ratings lowered by a major rating agency. Moody’s Investors Service said it might downgrade the ratings of the two corporations, as well as Citigroup, citing concerns that the U.S. government might not continue to support large banks to the extent that is has been in [...]