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May 8, 2013
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the bank under ceo brian moynihan has paid out $45 billion to settle these claims and then some, but they keep coming. b of a named in a new york lawsuit monday for violating a previous foreclosure pact. another ruling today allows the u.s. to bring a suit against the bank for toxic mortgages sold to fannie mae and freddie mac. in prepared remarks, moynihan said, quote, we've resolved a significant portion of mortgage litigation, but we know there's more work to be done. maria? >> thanks so much, kayla. >> let's talk about this troubling new survey out from ernst & and youyoung. here's the big headline. company chiefs across the globe are lying about revenue. >> is this possible. david, thanks for joining us. your survey was down with business leaders outside of the united states. first off, explain that. why. >> we do a global survey every two years, and then a yaur pooen survey on the alternate year. this year, we added middle east indian africa and really wanted to hit some of the rapid growth markets. >> i'm not pollyanna, although people would accuse me of playing one on televis
the bank under ceo brian moynihan has paid out $45 billion to settle these claims and then some, but they keep coming. b of a named in a new york lawsuit monday for violating a previous foreclosure pact. another ruling today allows the u.s. to bring a suit against the bank for toxic mortgages sold to fannie mae and freddie mac. in prepared remarks, moynihan said, quote, we've resolved a significant portion of mortgage litigation, but we know there's more work to be done. maria? >> thanks...
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May 8, 2013
05/13
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bank ceo brian moynihan will be speaking with sharehoulders about mortgage lawsuits as well as the future of the financial firm. bank of america shares are up around 7% this week. the debate over the keystone xl pipeline is not over. bloomberg reports brigham mccown, former pipeline safety regulator, calls this "the decade of pipelines." mccown says the debate will continue, and more u.s. companies will likely support the plan. the government is still undecided on the deveopment of the keystone xl, which would transport oil from canada to the gulf of mexico. enviormentalists argue the pipeline could make climate conditions worse. more americans may notice the effects of sequestration budget cuts when they go on vacation this summer. from north carolina to hawaii, national parks are feeling the squeeze. that translates into longer lines, locked bathrooms and fewer - or no - tours available. hertz is on the move. the car rental company will take its headquarters from new jersey to florida. its new home in lee county has offered $19 million in economic stimulus. 200 new jobs will be added. h
bank ceo brian moynihan will be speaking with sharehoulders about mortgage lawsuits as well as the future of the financial firm. bank of america shares are up around 7% this week. the debate over the keystone xl pipeline is not over. bloomberg reports brigham mccown, former pipeline safety regulator, calls this "the decade of pipelines." mccown says the debate will continue, and more u.s. companies will likely support the plan. the government is still undecided on the deveopment of...
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May 10, 2013
05/13
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against the backdrop of angry protesters, bank of america's ceo brian moynihan told shareholders in charlotte, north carolina, the bank has turned a corner and is on the path to higher earnings. a few dozen demonstrators showed up outside the meeting. "bank of america funds coal to $3 billion a year, and i needed to speak out." "i'm hopeful, because there were so many speaking eloquently about the issue, that we were heard." protests were subdued compared to last year's volatile scene that ended with arrests. then there's jamie dimon, ceo of jp morgan chase, who will fight to keep his postion as chairman at an upcoming shareholder meeting. investors and regulators are criticizing his handling of a $6-billion loss. now the state of california has just filed a lawsuit against jp morgan alleging unlawful debt collection involing robo- signing. the sec is banning a former star on wall street from working with clients. philip falcone, who ran harbinger capital, is agreeing to a 2-year ban from doing business as an investment adviser. he will also pay an $18-million fine. however, he will not admit
against the backdrop of angry protesters, bank of america's ceo brian moynihan told shareholders in charlotte, north carolina, the bank has turned a corner and is on the path to higher earnings. a few dozen demonstrators showed up outside the meeting. "bank of america funds coal to $3 billion a year, and i needed to speak out." "i'm hopeful, because there were so many speaking eloquently about the issue, that we were heard." protests were subdued compared to last year's...
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say that your name was brian moynihan. well i came to d.c. to protest and to stand up and tell eric holder to hold wall street banks and accountable for fraud and foreclosure and disrupting families and you know so i have been dealing with foreclosure for three years my loan was with bank of america and i it's now with green tree so i use the name brian moynihan as my arrest name because he is he is the c.e.o. of bank of america. ok now are they. are you will you face additional charges of false identification or something i mean it was. or is there more about how did that play out what they actually gave me the name of jane doe they wouldn't take the name brand money and they would because you don't look like a brian. and. that's that's that's that's that's fascinating jason what you said that the police typically the people had locked arms and they were bullets basically blocking the entrance to apartment just where they were they were blocking the entrance but they were on they were in front of the door they say the night they were told th
say that your name was brian moynihan. well i came to d.c. to protest and to stand up and tell eric holder to hold wall street banks and accountable for fraud and foreclosure and disrupting families and you know so i have been dealing with foreclosure for three years my loan was with bank of america and i it's now with green tree so i use the name brian moynihan as my arrest name because he is he is the c.e.o. of bank of america. ok now are they. are you will you face additional charges of...
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May 31, 2013
05/13
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financial crisis then he was stuck with the legacy assets and is blown and the bank of america and brian moynihanand they thought he was of a lark -- lousy ceo i was critical be was good as a lawyer dealing with the legal issues and basically putting a cap exactly on how much money they have to pay you have merrill lynch that is poised one of the great firms around in terms of the brokerage dealer was small investors you could leverage that and now that is what people are saying looking a bank of america i hear people talking about that over the next over 18 months liz: dick bovet says despite the run-up still more opportunity. >> he loves the banks and he touted citigroup but that said i have known him all long time and generally he does pretty good. but if you do believe the fed will keep printing for a while then the financial stocks has to go up. liz: charlie gasparino. get more on the twitter ipo. >> tried to book them ahead of twitter. liz: they have been on many times. thank you very much. this week we heard from some of the biggest names plus the best and the brightest with all things dig
financial crisis then he was stuck with the legacy assets and is blown and the bank of america and brian moynihanand they thought he was of a lark -- lousy ceo i was critical be was good as a lawyer dealing with the legal issues and basically putting a cap exactly on how much money they have to pay you have merrill lynch that is poised one of the great firms around in terms of the brokerage dealer was small investors you could leverage that and now that is what people are saying looking a bank...
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May 8, 2013
05/13
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we will break down the issues facing ceo brian moynihan coming up. >>> plus disney, the final dow 30rt early this season. we have an analyst who says that disney will benefit from new market opportunities and he will analyze exactly what those are coming up. >> zillo shares under pressure after yesterday's earnings report. we'll talk to the ceo in a first on cnbc interview about his plans for the online real estate company. >> and hacking america. symantec ceo will join us to talk about the rising cyber security threat. >> our own david faber is in sin city at the salt conference and he has a lot coming up later in the show. good morning. >> good morning, carl, that's right. we're at the salt conference where many of the big hedge fund managers from around the world descend and all of those firms that like to feast on the management fees also descend. we'll be talking in the next hour or so with bill vratos, both credit and e itty. >> we will talk about schoenfeld asset management who led the charge in the t-mobile deal to get them to change the terms to buy pcs, successful in that a
we will break down the issues facing ceo brian moynihan coming up. >>> plus disney, the final dow 30rt early this season. we have an analyst who says that disney will benefit from new market opportunities and he will analyze exactly what those are coming up. >> zillo shares under pressure after yesterday's earnings report. we'll talk to the ceo in a first on cnbc interview about his plans for the online real estate company. >> and hacking america. symantec ceo will join us...