Bank of America Corp news

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US sues Bank of America over "Hustle" mortgage fraud
NEW YORK The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
US hits Bank of America with fraud lawsuit  Aljazeera.com
US Accuses Bank of America of a 'Brazen' Mortgage Fraud  New York Times
US Sues Bank of America for $1 Billion in Bad Mortgages
Bank of America made these loans via subprime mortgage lenders Countrywide Financial Corporation and Countrywide Home Loans, Inc. that it acquired in 2008. “Through a program aptly named 'the Hustle,' Countrywide and Bank of America made ...
How Bank of America Could Fight a Government Lawsuit  New York Times (blog)
Fannie, Freddie and the False Claims Act  Wall Street Journal (blog)
Bank of America CEO on housing: 'The worst is over'
In an interview with Bloomberg TV, Bank of America Corp. CEO Brian Moynihan said the U.S. housing market is on the mend. “The worst is over,” he said, noting mortgages past due and the backlog of problem mortgages are beginning to subside.
Bank Of America's Financial Performance
In this research note, we'll cover Bank of America's (NYSE:BAC) third quarter, update the recommendation and discuss recent economic data points.
Bank of America ekes out a profit as crisis-era costs drag  Reuters
Bank of America Merrill Lynch hires Margaret Ren in mainland push  South China Morning Post (subscription)
Reminder: Bank of America's 8.20% Non-Cumulative Preferred Stock, Series H ...
On 10/11/12, Bank of America Corp.'s 8.20% Non-Cumulative Preferred Stock, Series H (NYSE: BAC.PRH) will trade ex-dividend, for its quarterly dividend of $0.5125, payable on 11/1/12.
Local banks capitalize on Bank of America's slide (BBJ DataCenter)
Bank of America Corp. lost market share in Massachusetts despite a near $2 billion increase in total deposits over the past year, as customers gravitated toward smaller competitors throughout the commonwealth, according to new data published by the ...
BofA CEO Moynihan Declares Victory Over Capital Doubters
Oct. 23 (Bloomberg) -- Bank of America Corp., the lender that got a $5 billion boost from Warren Buffett last year, now has the “top capital” among peers and is capable of paying a bigger dividend, said Chief Executive Officer Brian T. Moynihan.
Bank of America Is Now The Best-Capitalized Bank: Goldman Sachs
Bank of America Corp (NYSE:BAC) reported GAAP EPS of $0.00, which we estimate as $0.25, excluding all non-core items. The biggest positive surprise was a 100bp increase in B3 T1C to 8.97%, making BAC the best-capitalized money center bank, ...
Bank of America Hit With Discrimination Complaint
The Metropolitan Milwaukee Fair Housing Council, along with four other fair housing groups, has filed a federal housing discrimination complaint against Bank of America Corp, citing an investigation by the National Fair Housing Alliance (NFHA) that ...
BofA Agrees to Sell 12-Building New Jersey Office Campus
Oct. 3 (Bloomberg) -- Bank of America Corp. agreed to sell a 12-building office campus in central New Jersey that it inherited from Merrill Lynch & Co.