Bank of America Corp news

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BofA $1 Billion Whistleblower Also Faced Fraud Claims
9 (Bloomberg) -- The whistle-blower helping the U.S. government mount a $1 billion fraud lawsuit against Bank of America Corp. was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two ...
Bank of America Offers to Buy MBIA Bonds to Block Amendment
13 (Bloomberg) -- Bank of America Corp. is seeking to buy the majority of $329 million of MBIA Inc. bonds to block the insurer's efforts to distance itself from a cash-strapped unit that sold products protecting the lender from losses on more than $6 ...
You Fight With Bank Of America Over Bad Mortgages, Bank Of America Fights Back  DealBreaker
Bank of America Sued by CIFG Over Mortgage Securities
Nov. 21 (Bloomberg) -- Bank of America Corp., the second-biggest U.S. bank by assets, was sued by CIFG Assurance North America Inc. for fraud and breach of contract over insurance policies tied to residential mortgage-backed securities.
Bank of America Sued Over $261 Million in Mortgage Bonds
Nov. 14 (Bloomberg) -- Bank of America Corp., the second-biggest U.S. lender by assets, was sued by investors over $261.2 million worth of residential mortgage-backed securities.
Royal Park Targets BofA Over $1.6B In MBS
Law360, New York (November 5, 2012, 6:15 PM ET) -- Belgium-based Royal Park Investments SA/NV has sued Bank of America Corp. over problems with $1.6 billion in mortgage-backed securities it holds, claiming the bank misled investors about the quality ...
Royal Park Sues Bank of America Over Mortgage Securities  Bloomberg
No Evidence He Was Stoned, But Bank of America CEO Brian Moynihan Apparently ...
Q: By January 1st, 2010, when you became the CEO of Bank Of America, CFC - and I'm using the initials CFC, Countrywide Financial Corporation - itself was no longer engaged in any revenue-producing activities; is that right? Moynihan: I wouldn't be the ...
BofA Client-Meeting Quota Said to Vex Investment Bankers
14 (Bloomberg) -- Bank of America Corp. salespeople assigned to the world's biggest stock portfolio managers were given new orders by their boss in September: attend at least 30 meetings a month with clients, or else.
Bank of America continues layoffs in South Florida
Bank of America Corp. is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining revenue, the Wall Street Journal reported in September.
How Wintrust broke away from its rivals
None of the three local banks has grown to the point where it can claim the crown that LaSalle Bank had before October 2007, when Charlotte, N.C.
BOA: Worst Company In America?
In a conference call with analysts, Chief Financial Officer Bruce Thompson said he expected the mortgage boom “to continue through the lion's share of 2013.