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(17 December 2010 – USA) The Bank of America has been slammed by a lawsuit, brought by the state of Arizona, claiming the bank defrauded cash-strapped homeowners during the global financial crisis.
(2 December 2010 – USA) JP Morgan Chase is countersuing Lehman Brothers, claiming the bankrupt group misled the investment bank into lending more than US$70 billion (A$71 billion) under the pretence it would be repaid in full.
(25 November 2010 – Australia) The Australian Securities and Investment Commission (ASIC) will sue three Australian banks over the collapse of Storm Financial.
(19 October 2010 – USA) Some of America’s biggest banks are undertaking "paper work" investigations to dispel allegations that they used false or unverified data to fast-track foreclosures.
(8 October 2010 – Global) One of Nigeria’s most prominent women has been handed a jail sentence over millions loaned by her bank in a case linked to a financial crisis in the oil rich nation.
(8 October 2010 – USA) The Bank of America has accused a former computer programmer of stealing trade secrets from the bank before he was laid off last month.
(22 September 2010 – Australia) ANZ Bank has said it will ‘vigorously’ defend the class action brought by law firm Maurice Blackburn.
(20 September 2010 – Australia) Australia and New Zealand Banking Group become part of a Storm Financial special resolution scheme that will see customers interest waived on loans taken out to invest in the collapsed financial advisor.
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