PennyStockPayCheck.com Rss

Featured Posts

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Eurozone crisis live: Japan's strong growth figures... PM Shinzo Abe's stimulus package could generate feelgood factor needed to end two decades of stagnant growthPhillip Inman

Read more

Bank of America’s Moynihan May Head Back for Countrywide Testimony

Posted by admin | Posted on 13-06-2012

Category : Stocks

Tags: , , , , , , , , , , , , , ,

NEW YORK (TheStreet) — Bank of America CEO Brian Moynihan had so much fun giving sworn testimony about the bank’s disastrous 2008 acquisition of Countrywide Financial to attorneys for MBIA, he appears to be angling for a chance to do it again.

MBIA is suing Countrywide for fraud and breach of contract related to 15 mortgage securities, a case that is being watched closely since Bank of America still has untold billions on the line in related cases. Bank of America CEO Brian Moynihan has repressed his memories of the disastrous acquisition of Countrywide

New York State Supreme Court Judge Eileen Bransten ruled in April that Moynihan would have to give testimony to attorneys for MBIA. Though Moynihan became Bank of America’s CEO after the Countrywide deal had been completed, he played an important role in overseeing the integration of the two companies. …

Click to view a price quote on BAC.

Click to research the Banking industry.

Read the original: Bank of America’s Moynihan May Head Back for Countrywide Testimony

Post to Twitter

Come on Eileen

Posted by admin | Posted on 27-03-2012

Category : Entertainment

Tags: , , , , , , , , , , , , , ,

Eileen is a mother of two children, who are both about to fly the nest. Summer stretches out in front of the family who, except for Eileen, have plans to go abroad, to a festival, to their dad’s wedding. A new relationship suddenly comes into her…

Continued here: Come on Eileen

Post to Twitter