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Will Legal Problems Bury Bank Of America?
Bank of America is being sued by federal prosecutors in New York for having made abusive and fraudulent mortgage loans and then having sold them off to Fannie Mae and Freddie Mac, government backed mortgage housing institutions, causing taxpayers ...
Bank of America Corp. (NYSE:BAC): The Real Crooks Are The Ones Who ...  Market Daily News
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Bank Of America Still A Mess
Recently, the U.S. attorney for Manhattan filed suit against Bank of America (NYSE:BAC) alleging that its subsidiary, Countrywide Financial Corp, systematically generated "thousands of fraudulent or defective loans" that were sold to those hapless ...
Another Day, Another Lawsuit for Bank of America  Motley Fool
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Bank Of America And The Fiscal Cliff
Compared to its peers JPMorgan Chase & Co. and Citigroup, Bank of America had the lowest Basel 1 tier one common capital ratio.
Bank of America upgrade lifts financials  MarketWatch
BofA Chief Says Existing Business Model Is 'Best We Can Bring'  Businessweek
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BofA $1 Billion Whistleblower Also Faced Fraud Claims
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 (FNMA), one of two entities he ...
Bank of America Loses Bid to Dismiss FHFA Mortgage Bonds  Businessweek
Obama's Housing Policy: Fix Is Crucial To President's Economic Legacy  Huffington Post
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As the Crisis Is Revisited, Lawyers Win
One analyst who has been bullish on MBIA stock, Mark Palmer of BTIG, speculated that MBIA might file suit to stop the Bank of America offer, or that some unnamed friends of the company might try to outbid the bank for the bonds. Imagine that: a bidding ...
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BOA: Worst Company In America?
The more depressing thing about these behemoth banks is that they don't seem to care much about their customers, at least according to Consumerist reader Matt, who said he's already to put in his vote for next spring's Worst Company in America ...
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Bank of America Sued by CIFG Over Mortgage Securities
Bank of America Corp. (BAC:US), 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.
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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.
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You Fight With Bank Of America Over Bad Mortgages, Bank Of America Fights ...
Bank of America bought $6.15 billion notional of insurance/CDS contracts against (surprisingly?) commercial mortgages from MBIA Insurance Corporation, which everyone calls �MBIA Corp.,� and which is a subsidiary of MBIA Inc., which is a public company ...
Bank of America Offers to Buy MBIA Bonds to Block Amendment  Bloomberg
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Royal Park Sues Bank of America Over Mortgage Securities
Royal Park Investments SA/NV sued Bank of America Corp. (BAC), 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)
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