Bank of America Corp news

   Watch this stock
Showing stories 1 - 10 of about 165   

Articles published

BAC 16.16 +0.64 (4.12%)
price chart
Record Bank of America Settlement Latest in Government Crusade
For Bank of America, the settlement is a bitter coda to its decision in 2008 to buy two companies, Countrywide Financial Corp. and Merrill Lynch & Co., as they teetered during the housing crisis. Bank of America Chief Executive Officer Brian Moynihan ...
Kentucky to benefit from settlement with Bank of America  Louisville Business First
Bank Of America Agrees To Pay $16.65 Billion To Settle Mortgage Charges  Huffington Post
Related articles »  
Bank of America Corp: Expect a Multibillion-Dollar Settlement Any Day
As we all know, Citigroup (NYSE: C ) used its second-quarter earnings release as an opportunity to announce that it finally reached a settlement with the Department of Justice over its mortgage practices.
Bank of America to pay record $16.65 billion to settle mortgage claims
Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S.
Bank of America Corp Stock Rises After DoJ Punishment
As widely reported yesterday in press leaks, the US Department of Justice today followed through and announced that Bank of America Corp (NYSE:BAC) agreed to pay $16.65 billion in various fines to settle charges the bank's affiliates were aware the ...
Bank of America Reaches $16.65 Billion Settlement Over Mortgage Bonds
Many of the mortgage securities in question were made by Countrywide Financial Corp. and Merrill Lynch & Co., before Bank of America agreed to buy the two companies in 2008. But the government found problems with Bank of America's own mortgage ...
Bank of America to pay $16.65B after being accused of selling faulty mortgage ...
WASHINGTON - Bank of America Corp. will pay $16.65 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis, the Justice Department said.
Bank Of America To Pay Almost $17 Billion To DoJ In Mortgage Settlement
The Department of Justice is expected to announce a charge of $16.65 billion on the Bank of America Corp (BAC) as settlement of the mortgage case against it.
BoA and FDIC Settle Legal Dispute Over Securities Sales to Failed Banks
The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks.
Bank of America Corp In Record $17 Billion Settlement
Their firms teetering on the verge of insolvency, the US government requested that Bank of America Corp (NYSE:BAC) purchase these troubled firms to the benefit of market stability.
How Will Bank Of America (BAC) Stock Be Impacted By $17 Billion Justice ...
NEW YORK (TheStreet) -- Bank of America Corp (BAC) has reportedly reached an agreement to pay a record $17 billion to settle an investigation by the Justice Department over mortgage backed securities the company sold before the 2008 financial crisis, ...