Massive Losses news from FierceFinance

The trial of Bank of America (BAC) promises to be a barn burner, even if no individuals are on trial. The pre-trial skirmishes have stepped up a notch, with the SEC filing some additional charges... Read more...

As if Citigroup (C) didn't have enough problems: It is being sued by the Abu Dhabi Investment Authority after the sovereign wealth fund invested $7.5 billion in the bank two years ago, when the stock... Read more...

The substance of Timothy Mayopoulos' testimony before the house panel was overshadowed somewhat by the disgust the Congressmen displayed for Brian Moynihan, who did not come off as credible and may... Read more...

As Wall Street continues to cheer, the jury acquittals of Ralph Cioffi and Matthew Tannin continue to reverberate. Business Week notes there are plenty of unanswered questions. Chief among them is... Read more...

Would extricating itself from TARP and other government programs really be the magic bullet for Bank of America? If it can pay back its TARP borrowing, would the air suddenly be cleared? I don't... Read more...

Private equity investors who would like to sell their stakes via the secondary market are finding that adequate liquidity doesn't appear to exist. A survey by private equity research firm Preqin... Read more...