Two Wall Street Biggies Sued
On Wednesday, Bank of America Corporation (NYSE:BAC) along with U.S. Bancorp (NYSE:USB) was sued by a Chicago pension fund. The complaint lodged claims that these two Wall Street Giants refrained from their duties on regular basis as the trustees for mortgage-backed bonds of Washington Mutual Inc. Chicago-based the Policemen’s Annuity and Benefit Fund alleged that [...]
On Wednesday, Bank of America Corporation (NYSE:BAC) along with U.S. Bancorp (NYSE:USB) was sued by a Chicago pension fund. The complaint lodged claims that these two Wall Street Giants refrained from their duties on regular basis as the trustees for mortgage-backed bonds of Washington Mutual Inc.
Chicago-based the Policemen’s Annuity and Benefit Fund alleged that BofA and U.S. Bancorp failed in their roles and did not accurately administer 41 Washington Mutual trusts backed by home loans. Due to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards