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Banks lose key foreclosure ruling in Massachusetts high court

NEW YORK (Reuters) – In a decision that may slow foreclosures nationwide, Massachusetts’ highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed. Bank shares fell, weighing on broader…

‘A new type of business McCarthyism’ hunts WikiLeaks, site founder says

WikiLeaks founder Julian Assange denounced “business McCarthyism” in the United States after the Bank of America halted all transactions to the website Saturday. The Australian, who was spending his second full day on bail, vowed the whistle-blowing site would carry on releasing controversial leaked US diplomatic cables as he insisted…

BofA will pay $137 million to settle claims it defrauded schools, hospitals

Attorneys general from 20 states reached an agreement that will require Bank of America to pay $137.3 million for its part in a bid-rigging scheme, according to the Securities and Exchange Commission (SEC). The financial institution is accused of defrauding state agencies, municipalities, schools districts, hospitals and other non-profit organizations…

New data shows foreign banks biggest recipients of Fed money

The Federal Reserved released documents Wednesday identifying the recipients of $3.3 trillion in emergency aid provided at the height of the financial crisis. “Two European megabanks — Deutsche Bank and Credit Suisse — were the largest beneficiaries of the Fed’s purchase of mortgage-backed securities,” The Huffington Post‘s Shahien Nasiripour reported.…

‘Bank Run 2010′ aims to end ‘criminal, corrupt’ financial system

In what may be the most subversive reaction yet to global outrage over the financial crisis, a European soccer star has inspired an international “bank run” protest aiming to collapse the global financial system. The organizers of “Bank Run 2010″ have chosen December 7 as the day when protesters are…

Waters ethics case: No link yet to alleged conflict

Evidence in Waters case: No link yet to allegations she tried to protect husband’s bank stock A recently discovered e-mail, which forced postponement of Rep. Maxine Waters’ ethics trial, appears to bring the House ethics committee no closer to proving she tried to obtain a U.S. bailout — during the…

Walt Disney, Monsanto discovered among Blackwater’s hidden clients

Also on list: Royal Caribbean, Deutsche Bank, Chevron Almost three years ago exactly — Sept. 17, 2007 — a cadre of guards from the security firm then known as Blackwater shot and killed 17 Iraqis at a public plaza in Baghdad. The company, long in the public eye, has been…

Israel PM assures right wing ahead of Washington summit

Prime Minister Benjamin Netanyahu tried to reassure his right-wing Likud bloc in Israel’s ruling coalition on Monday he would not bow to territorial concessions in peace talks with the Palestinians. “You don’t need to worry. Nobody needs to teach me what it is to love Eretz Israel,” he told Likud…

Ex-UBS whistleblower hits out at ‘corrupt’ US justice

GENEVA — Former UBS banker Bradley Birkenfeld hit out on Saturday against the “corrupt” US judiciary which sent him to jail even though he was the whistleblower who led to the US tax fraud case against the bank. “The Department of Justice’s corruption is evident today — why am I…

Three dead in Athens bank firebombing: police

ATHENS (AFP) – Three people were killed in a fire-bomb attack on a bank in central Athens on Wednesday and around 20 people were evacuated from the building, police and firefighters said. Two women and one man died in the fire, and firefighters were looking for other victims although the…

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