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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.
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
Nevada homeowners to get aid from Bank of America deal  Las Vegas Review-Journal
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Bank of America Corp (BAC)'s P/E May Be the Cheapest in Entire S&P 500: Jim ...
Bank of America Corp (NYSE:BAC) reached a settlement with the U.S. Justice Department that it announced yesterday. According to the settlement terms Bank of America Corp (NYSE:BAC) would be shelling out more than $16 billion in penalties. This news ...
Bank of America Corp (NYSE:BAC) Can Now Focus On Shareholder's Value ...
Tomahawk, WI 08/22/2214 (Basicsmedia) - Bank of America Corp (NYSE:BAC) looks to have set a new record in the U.S in terms of one-time settlement, after agreeing to pay nearly $17 billion to settle its mortgage securities debacle with the department of ...
Why Bank of America (BAC) Stock Continues To Surge Today
Cramer's Overview on Bank of America Corp (BAC)  StockWise Daily
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Options Radar: Bank of America Corp, Cisco Systems, Inc., and FireEye
Three names seeing notable option activity today are financial firm Bank of America Corp (NYSE:BAC), big-cap tech name Cisco Systems, Inc. (NASDAQ:CSCO), and virtual security issue FireEye Inc (NASDAQ:FEYE).
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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.
Bank Of America Settles For $16.65 Billion
Bank of America Corp (BAC) will pay a record $16.65 billion to settle allegations that it sold dubious mortgage-backed securities in the run-up to the 2008 financial crisis - the most a company has ever paid the US government.
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 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 ...
How Will Bank Of America (BAC) Stock React To $16.5 Billion DOJ Settlement?
NEW YORK (TheStreet) -- Bank of America Corp. (BAC) announced on Thursday that it reached a comprehensive settlement with the Justice Department and state attorneys general to resolve an investigation into the quality of the mortgage backed securities ...