A final judgment against Bank of America Corp. in a mortgage-bond lawsuit by the U.S. Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it ...
Bank of America Corp. shares fell nearly 1 percent in extended-hours trading Thursday after the company lowered its third-quarter profit by $400 million as part of a revision, citing legal expenses related to its foreign exchange business.
The reasoning behind consumers' dislike of Bank of America springs from the numerous lawsuits brought against the company for its mortgage and loan practices prior to and during the Great Recession. The fines and lawsuits Bank of America continues to ...
The Securities and Exchange Commission has reportedly made a compromise with Bank of America Corp (NYSE:BAC) in connection with the mortgage-related cases brought against it after the financial crisis in 2008.
A faith-based shareholder group is asking Bank of America Corp. to separate the jobs of chairman and CEO, laying the groundwork for a potential showdown between the bank and some investors this spring.
Bank of America Corp. can continue selling shares in hedge funds and other private offerings after U.S. securities regulators gave the bank a short-term waiver from certain restrictions triggered by a recent fraud settlement.
Bank of America Corp. and Citigroup Inc. (C) are selling multiple pools of soured U.S. mortgages to meet demand from investment firms that are pushing prices higher, according to three people with knowledge of the matter.