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
Will Legal Problems Bury Bank Of America?
The sequels of the mortgage implosion and the subsequent financial meltdown continue to plague Bank of America (NYSE:BAC). Bank of America is being sued by federal prosecutors in New York for having made abusive and fraudulent mortgage loans and ...
Bank of America sued over mortgage-backed securities
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.
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.
Royal Park Sues Bank of America Over Mortgage Securities
Nov. 5 (Bloomberg) -- Royal Park Investments SA/NV sued Bank of America Corp., the second-largest U.S. bank, in New York state court over losses on about $1.6 billion in residential mortgage-backed securities.
Royal Park Targets BofA Over $1.6B In MBS  Law360 (subscription)
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.
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.
No Evidence He Was Stoned, But Bank of America CEO Brian Moynihan Apparently ...
Bank of America, Countrywide, and a Buttload of Other Shameless Mortgage Fraudsters will go down as one of the great Nixonian-stonewalling efforts ever, and one of the more entertaining reads of the year.