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.
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)
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 ...
Bank of America to launch Mobile Pay on Demand
“With Mobile Pay on Demand, we are making it even easier for small business owners to accept secure payments anywhere. The product is fully integrated with existing Bank of America accounts and services, allowing deposits made into a Bank of America ...
BofA teams with First Data for mobile small biz service and software
How Wintrust broke away from its rivals
The next-biggest local player is Itasca-based First Midwest Bancorp Inc., with $8.2 billion. The largest deposit holders in the city—JPMorgan Chase Bank, BMO Harris Bank and Bank of America—all are owned by out-of-town holding companies. The city's ...
US judge says FHFA cases against banks can proceed
NEW YORK (Reuters) - A U.S. judge kept alive a federal regulator's lawsuits against big banks including Credit Suisse Group AG and Bank of America Corp over allegations they misled Fannie Mae and Freddie Mac into purchasing billions of dollars worth of ...