0 minute readBank of America told federal regulators that it made six trades from 2007 to early 2009 that led to it hiding billions of dollars of debt. Bank of America made the admission in an April letter to the Securities and Exchange Commission. The bank had acknowledged in its last quarterly report that its accounting for the deals, at quarter-ends from 2007 to 2009, was incorrect. The letter has been posted as a regulatory filing.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Mamdani wins rent freeze for stabilized NYC apartments
New York City Mayor Zohran Mamdani delivered on a key campaign promise to freeze rents for many residents. The Rent Guidelines Board gave him what he sought last night. It froze rents on one-year leases and, for the first time, two-year leases in rent-stabilized apartments. Those units make up roughly 41% of the city’s apartment […]
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
