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  • NEW YORK, Jan 30- The U.S. government has asked a judge to order Bank of America Corp to pay $2.1 billion, increasing its request for penalties stemming from a jury's finding that the bank was liable for fraud over defective mortgages sold by its Countrywide unit.

  • WASHINGTON, Jan 30- Federal Reserve Chairman Ben Bernanke departs the U.S. central bank on Friday after eight largely turbulent years in which he guided the economy through the most virulent financial crisis and recession since the Great Depression. Oct. 24, 2005- President George W. Bush nominates Bernanke to be Fed chairman.

  • WASHINGTON, Jan 29- President Barack Obama's renewed pitch for legislation to wind down mortgage-finance giants Fannie Mae and Freddie Mac is unlikely to break a political log-jam that threatens to put the goal out of reach- at least while he's in office.

  • WASHINGTON, Jan 28- President Barack Obama renewed his call on Tuesday to wind down mortgage-finance giants Fannie Mae and Freddie Mac and revamp the housing finance system to include a more limited government backstop.

  • WASHINGTON, Jan 28- President Barack Obama will renew his call on Tuesday to wind down mortgage-finance giants Fannie Mae and Freddie Mac and revamp the housing finance system to include a more limited government backstop, the White House said.

  • BofA's trading practices have been probed: Filing Saturday, 25 Jan 2014 | 9:21 AM ET
    Bank of America in Times Square, New York.

    The DoJ and the CFTC have both held investigations into whether BofA engaged in improper trading by doing its own futures trades ahead of executing large orders for clients.

  • NEW YORK/ WASHINGTON, Jan 25- The U.S. Department of Justice and the Commodity Futures Trading Commission have both held investigations into whether Bank of America engaged in improper trading by doing its own futures trades ahead of executing large orders for clients, according to a regulatory filing.

  • WASHINGTON, Jan 22- The Obama administration on Wednesday argued against expanding a program that allows some borrowers with Fannie Mae and Freddie Mac loans to lower their interest rates even if they owe more than their homes are worth.

  • Jan 16- Citigroup Inc posted weaker-than-expected quarterly results on Thursday, as lackluster bond-trading results weighed on overall revenue. The bond trading results lagged rivals' including Bank of America Corp and JPMorgan Chase& Co..

  • Jan 15- Citigroup Inc said that it will sell mortgage servicing rights of $10.3 billion Fannie Mae residential first mortgage loans as the bank looks to reduce its assets and expenses within Citi Holdings.

  • Jan 15- Bank of America Corp said on Wednesday its quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis. Bank of America's shares rose 2.3 percent to $17.15 on Wednesday, after earlier rising to $17.42, the highest level since May 2010.

  • Jan 15- Bank of America Corp said on Wednesday quarterly profit surged by nearly $3 billion as revenue increased and mortgage losses plunged, the clearest sign yet the bank was shaking off the impact of the financial crisis.

  • Jan 15- Bank of America Corp said its quarterly profit surged by nearly $3 billion, as revenue increased and mortgage losses plunged in the clearest sign yet the bank was shaking off the impact of the financial crisis. The purchase has cost Bank of America more than $45 billion in writedowns and legal settlements.

  • WASHINGTON, Jan 14- A U.S. government watchdog is involved in an investigation of whether bank traders manipulated markets and engaged in front running of orders from Fannie Mae and Freddie Mac in the interest-rate swaps market, according to an FBI intelligence bulletin reviewed by Reuters.

  • Jan 13- Wall Street traders may be manipulating a key derivatives market and front running Fannie Mae and Freddie Mac, hurting the US-owned mortgage giants in the process, according to an FBI intelligence bulletin reviewed by Reuters.

  • NEW YORK, Jan 2- Deutsche Bank AG has settled a U.S. lawsuit in which shareholders accused it of misrepresenting its ability to handle risks associated with mortgage debt prior to the 2008 financial crisis. The settlement in principle was disclosed in a filing on Thursday by Deutsche Bank's lawyers in the U.S. District Court in Manhattan.

  • WASHINGTON, Dec 31- Investors searching for higher yields from rock-solid investments were put on hold again last week by the Federal Reserve, which pledged to keep interest rates low even as it scales back its extraordinary monetary easing.

  • Wells Fargo paying $541M over bad loan claims Monday, 30 Dec 2013 | 2:54 PM ET

    Wells Fargo will pay a net $541 million to Fannie Mae to settle claims over defective home loans.

  • Dec 30- Wells Fargo& Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company's efforts to have banks buy back troubled loans made before the financial crisis.

  • Dec 30- Wells Fargo& Co, the fourth-largest U.S. bank by assets, said it would pay $591 million to Fannie Mae to substantially settle all repurchase liabilities related to loans sold to the government-controlled mortgage company before Jan. 1, 2009.

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