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More U.S. states to join foreclosure-abuse deal

WASHINGTON — Arizona and Florida will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal to provide relief for many Americans who lost their homes ...

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Washington Mutual agrees to settlement

SEATTLE  — Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and has filed a new reorganization plan. Washington Mutual said in a statement late Monday that the ...

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Morgan Stanley settles with MBIA

NEW YORK — Morgan Stanley said Tuesday it has reached a settlement with insurance company MBIA Inc. over disputes involving mortgage-backed investments. It was the latest sign that banks are working hard to clean up their balance sheets by getting ...

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Judge challenges $285M Citigroup settlement

NEW YORK — A federal judge in New York is casting doubt on the fairness of a $285 million settlement that Citigroup reached with the Securities and Exchange Commission. Judge Jed Rakoff in Manhattan scheduled a Nov. 9 hearing on the deal announced earlier this month.

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AG settles $3.5M debt of 995 soldiers

ALBANY — New York Attorney General Eric Schneiderman says his office has reached agreement with a finance company to clear $3.5 million of debt for 995 soldiers who shopped at a retailer outside the Army's Fort Drum that sold computers and other electronics at inflated prices and credit terms.

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AG: Bank of America settlement ‘unfair’

ALBANY — New York Attorney General Eric Schneiderman said the proposed $8.5 billion Bank of America settlement of investor losses from 530 mortgage-backed securities is “unfair” and trustee Bank of New York Mellon engaged in “repeated fraud” in connection with the securities sale.

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Wegmans, Walgreens settle lawsuit over ‘W’ logos

Wegmans Food Markets has agreed to settle the trademark infringement lawsuit Walgreens filed against the supermarket chain over its use of a logo similar to the one used by the drug store company. Rochester-based Wegmans will stop using the "circle W" logo by June 30, 2012.

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