JPMorgan, the prime US bank, is now appealing on the U.S. Securities and Exchange Commission to decline the proposal submitted by their shareholders that a decision via votes should be made.
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JPMorgan Appears to Deter Investor Proposal on Bank Break-Up
January 24, 2013 Leave a Comment
The Cost of a Settlement for Bank of America
September 30, 2012 Leave a Comment
Bank of America is going to make a payment of $2.43 billion as settlement for a class action lawsuit, which was connected to the purchase of Merrill Lynch during the economic crisis of 2008. This lawsuit has been filed by stock owners of Bank of America who held shares when the Merrill Lynch buyout took place during the uncertain times of 2008. The stock holders have accused the bank of not declaring the true health of both BOA as well as Merrill Lynch during the buyout.
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Shareholders meetings aimed at seeking justice
May 9, 2012 Leave a Comment
Shareholder meetings shed light on the role of banks in the economic crisis. On May, 9 the shareholders from Charlotte city, North Carolina revolted against the Bank policy. The protest was peaceful and inspired with creative and colourful signs that were noticed by the shareholders’ meeting members. The protest was against the bank’s part in mortgage industry. The bank was accused for helping the foreclosure crisis. The Bank of America promised to give out $ 11.8 billions. The Bank representatives reported before the rival about first 5,000 of mortgage customers who would receive a loan modification of mortgage principal decrease to 30%.
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Shareholders meetings aimed at seeking justice
May 9, 2012 Leave a Comment
Shareholder meetings shed light on the role of banks in the economic crisis. On May, 9 the shareholders from Charlotte city, North Carolina revolted against the Bank policy. The protest was peaceful and inspired with creative and colourful signs that were noticed by the shareholders’ meeting members. The protest was against the bank’s part in mortgage industry. The bank was accused for helping the foreclosure crisis. The Bank of America promised to give out $ 11.8 billions. The Bank representatives reported before the rival about first 5,000 of mortgage customers who would receive a loan modification of mortgage principal decrease to 30%.
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