Market Update (NYSE: BAC): BofA Reaches $335 Mln Settlement Over Home Loans, MERS

[Reuters] Bank of America Corp has actually reached a $335 million settlement of a federal claim implicating it of misinforming shareholders about its exposure to dangerous home mortgage securities and its dependence on an electronic home loan computer registry understoodreferred to as MERS. The second-largest US bank divulged the accord in its quarterly report filed
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Americans Obtaining A Record Quantity For Their Cars

Were seeing record auto sales and automobile rates are up, so loans are enhancing, said Melinda Zabritski, senior director of automobile financing with Experian. Likewise, more individuals are spending for their vehicle with a car loan rather than financing it with a home equity loan or paying money. Through October, brand-new automobile sales in the
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Bank Regulatory Authorities See Quadrupling Of Substandard Oil & & Gas Loans

Souring energy loans quadrupled to $34.2 billion given that 2014 as oil rates toppled, according to a report released today by regulatory authorities led by the Federal Reserve.Loans considered substandard, uncertain or a loss represent 12 percent of the banking industry’s$276.5 billion oil and gas profile, according to the report from the Fed, Federal Deposit
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“ECO” Is The New Yolo: Norfolk Southern Corp Locomotives

Norfolk Southern Corp. (NYSE: NSC) has actually partnered with state and local governmentscity governments to present a brand-new fleet of environment- friendly rail lawn engines for Chicago. The city plays a vital role in the companys rail roadway network. The engine would be called Eco locomotive, due to the fact that of its operating effectiveness
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