Citigroup Inc. (NYSE:C) will shell out $24.9 million to resolve a lawsuit alleging the bank misled its investors about $1.88 million in mortgage-backed securities they purchased prior to the housing market crash.
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Bank of America Corporation’s (NYSE:BAC) Wealth Management division conducts a conference call Tuesday with John Paulson of Paulson & Co., which should allow that company’s retail advisers and clients an opportunity to comment upon his disappointing year-to-date performance. Paulson’s Advantage Plus fund is down 18 percent so far this year, and his Advantage fund is down by 13% percent.
The divestiture of its headquarters helped The Bank of Nova Scotia‘s (NYSE:BNS) fiscal third quarter income of $1.69 per share gain 54 percent year-over-year. The sale contributed 53 cents to the total, but without that the gain was 5.5 percent for that period. The dividend was raised by 2 cents to C$0.57 per share.
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