SAN FRANCISCO - (Mealey's) Citibank NA on Aug. 31 settled a class action suit alleging that it wrongfully suspended or decreased the value of home equity lines of credit (HELOC), according to a document filed by the plaintiffs in a California federal... Read More

NEW YORK - (Mealey's) Citigroup Inc. on Feb. 15 agreed to pay $158.3 million to resolve a lawsuit brought by the federal government accusing the bank of failing to comply with Housing and Urban Development and Federal Housing Administration regulations... Read More

NEW YORK - (AP) It went viral as the ultimate example of being punished for circumstances beyond one's control: a woman who said she was fired from her banking job because she complained that her male colleagues called her bodacious figure a workplace... Read More

NEW YORK - (AP) The trustee overseeing the bankruptcy of Lehman Brothers' brokerage unit is suing Citibank for more than $1.3 billion. Trustee James Giddens said in a lawsuit filed Friday in Manhattan that he seeks to recover a $1 billion deposit... Read More

(AP) Bank of America has agreed to pay $410 million to settle a federal lawsuit alleging the bank charged excessive overdraft fees. The suit is one of several filed against several banks from plaintiffs in 14 states, which were consolidated in a federal... Read More

NEW YORK - (AP) Seven global banking institutions enabled disgraced financier Bernard Madoff's Ponzi scheme by "creating and offering derivative investment products linked to various Madoff feeder funds," a court-appointed trustee alleged... Read More