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LATEST

2013 May Be the Year U.S. Employees Say 'I Quit!'

Exit Sign

The steady drumbeat of 'you're just lucky to have a job' that played through the recession is finally starting to fade and employees may be getting ready to say, 'I quit!', and bolt for the nearest exit.

BofA Escaping Countrywide Helps CEO Moynihan Build

Brian Moynihan

Bank of America Tuesday struck deals to settle lending complaints, sell rights to service $300bn of mortgages and repair relations with regulators. For CEO Brian Moynihan, it offers his best chance to rebuild the home lending business.

Banks Pay Big for Robo-Signing...Again

Terminator

Ten banks will now pay $8.5 billion to borrowers for so-called "robo-signing," a fraudulent practice uncovered two years ago that sent the mortgage market into yet another tail-spin.

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Oliver Twist

Goldman agrees to pay $270m

Goldman Sachs has agreed to pay around $270m to settle a lawsuit by investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities, two people familiar with the case said.