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Protester arrested during ‘bra toss’ at NYC branch of Bank of America
Rae Abileah of CODEPINK was arrested on Sunday as she attempted to throw ladies undergarments at a Bank of America branch in New York City. As Abileah held up a pink bra and condemned Bank of America for allegedly helping to finance the Spectra Pipeline, police officers rushed through the…
Study: Banks to blame for over 800,000 unnecessary foreclosures
By Paul Kiel ProPublica Over the past several years, we’ve reported extensively on the big banks’ foreclosure failings. As a result of banks’ disorganization and understaffing — particularly at the peak of the crisis in 2009 and 2010 — homeowners were often forced to run a gauntlet of confusion, delays,…
Geithner: ‘We don’t know’ about U.S. banks’ role in Libor-fixing scandal
Treasury Secretary Timothy Geithner on Thursday said he did not know whether three major US banks were involved in the manipulation of a key benchmark borrowing rate. Answering Senate Banking Committee questions about Bank of America, Citibank and JP Morgan Chase’s possible roles in the global Libor fixing scandal, Geithner…
U.S. stocks score third day of gains
NEW YORK — US stocks notched gains for a third straight day Thursday as investors looked past disappointing economic data to a batch of positive corporate earnings reports. The Dow Jones Industrial Average closed with a modest increase of 34.66 points, or 0.27 percent, at 12,943.36. The S&P 500 advanced…
Libor rate-fixing scandal spotlight now on Citi, JPMorgan
NEW YORK — The harsh light of the Libor rate-fixing scandal has crossed the Atlantic, with both Citigroup and JPMorgan Chase saying regulators and investigators have requested information from them in a so-far preliminary probe of the case. Share prices for both — as well as Bank of America, which…
WATCH LIVE: ‘Occupy’ protests Bank of America shareholders meeting
Occupy Wall Street portesters are targeting Bank of America’s annual shareholder meeting today in Charlotte, N.C., in which they’re demonstrating against the nation’s second-largest bank’s taking of taxpayer bailout money, according to reporting from Reuters. Protestors chanted, “We are the 99 percent.” Occupiers have also told The Huffington Post they…
Occupy protesters march on New York and other cities for May Day
The Occupy Wall Street movement has kicked off its most anticipated action of the year, with a series of May Day protests in major US cities. Protesters spent the day alternately celebrating in a New York park and branching off on “wildcat” marches around the city. There were about 15…
New York ‘Occupy’ stages ‘general strike’ on May Day
Occupy Wall Street protesters took to New York’s streets Tuesday in the highlight of a plan to mount a “general strike” across the United States. Small groups of protesters held simultaneous demonstrations outside a string of Manhattan corporate institutions including the Time-Life building and McGraw Hill publishers in the Rockefeller…
Google blacklists Bank of America parody website
Update: Shortly after this report was published, Google removed YourBofA.com from its “phishing scams” blacklist Search giant Google blacklisted on Wednesday a website made to look like an outreach campaign by Bank of America, in what turned out to be an activist’s effort to get people talking about how the…
‘Occupy’ protesters fight for D.C. resident to stay in her home
“Occupy D.C.” protesters may have been evicted from their encampment earlier this month, but protestors are still finding ways to make an impact, helping one city resident stay in her home Monday evening. According to The Washington Post, around 50 protesters rallied outside the office of government mortgage giant Freddie…
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