Bank of America News
News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.
Bank of America Corp. will pay $245 million to settle U.S. Securities and Exchange Commission allegations that it failed to disclose rising mortgage losses and the risks of bonds tied to home loans.
A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday.
Bloomberg's Adam Johnson examines Bank of America's sixteen-point-seven-billion dollar settlement in mortgage probes.
Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides.
Bank of America just announced it will pay the largest settlement in U.S. history for its role in selling toxic mortgage securities.
Police records show that 163 arrests have been made in the Ferguson protest zone since the shooting death of 18-year-old Michael Brown, but just seven are residents of the St. Louis suburb.
Bank of America has agreed to pay $16.65 billion to settle more than a dozen cases and investigations into its sales of risky, mortgage-backed securities to investors before the national financial crisis.
I started covering markets at Forbes in the summer of 2007. Right around then a pair of Bear Stearns hedge funds imploded in the first tremors of the financial crisis, but I swear the recession isn't my fault.
Well, this is just more of the same. Shareholders and customers pay the tab for greed and incompetence--and the Administration goes along.
Economy After a year-long blockade, Libya has restarted oil exports from its largest port, resolving some mistrust between rebel leaders and the government.
JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.
The U.S. attorney's office in Los Angeles is preparing a lawsuit against Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, and up to 10 other employees, Bloomberg reported, citing two people with knowledge of the matter.
According to The Wall Street Journal, Bank of America has reached an agreement to pay $17 billion to resolve claims over the toxic residential mortgage-backed securities the lender issued prior to the financial crisis.
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Terms of the settlement with Complex Systems Inc were not disclosed. But RBS in a statement said the deal would allow it to use the company's BankTrade software and continue processing trade finance transactions across all of its legal entities.
HomeTrust Bancshares, Inc. , today announced that its banking subsidiary, HomeTrust Bank, has reached a settlement of a trademark dispute with Roanoke, Virginia based HomeTown Bank.
Updated: Fri Aug 22, 2014 01:54 am
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