The U.S. District Court in Manhattan, via Judge Jed Rakoff, orders Bank of America to pay $1.27 billion in damages relating to the housing bubble-era actions of what is now its Countrywide unit.
Two associates of Rudy Giuliani have been arrested for campaign finance violations in connected to efforts to discredit presidential candidate Joe Biden, according to a spokesman for the District Court for the SDNY.
A New York state appellate court in Manhattan rules to approve in its entirety the 2011 settlement by Bank of America with 22 institutional investors including BlackRock Inc, MetLife Inc, and Allianz SE's Pacific Investment Management Co to resolve claims over $174 billion of mortgage securities issued by the former Countrywide Financial Corp. in a $8.5 billion settlement.
A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019
Ahmed Khalfan Ghailani is convicted on one count of conspiracy in the United States District Court for the Southern District of New York for his role in the 1998 United States embassy bombings in Tanzania and Kenya.