Welcome to the morning roundup. Here's a look at what's news in banking and finance.
Rolling Stone slams BofA. In an anticipated long-form piece, Rolling Stone magazine's Matt Taibbi calls Bank of America "too crooked to fail," saying the bank used lies and deception to take advantage of nearly every class of customer the bank has.
Buffett gives multi-million packages. Warren Buffett, who has made public statements condemning banker greed, gave executives in his organization multi-million dollar packages last year, Bloomberg reports. Critics say they make more than most bankers.
Stock up, bank quiet. Bank of America's stock crossed $9 Thursday for the first time since August. The Wall Street Journal says the bank has been aided by flying under the radar this week, a big week for banking news.
Whistleblower gets $18 million. A Florida attorney who uncovered mortgage fraud in a number of districts, including Charlotte, got an $18 million payday in the $25 billion mortgage settlement. Bloomberg tells more of her story, and counts up six whistleblowers who will receive $46.5 million total.
Living 'dead' man makes documentary. A man that Bank of America allegedly asked for his death certificate along with other mortgage modification documents has made a documentary about his experience, according to a press release from PR Web.
Wall Street's recruiting problem. Wall Street firms, long a staple on college campuses in spring, now has a recruiting problem, The New York Times says. This week's op-ed from a departing Goldman Sach's vice president, which reverberated across the financial world, didn't help.