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Bank of America News

News on Bank of America (Ticker: BAC) continually updated from thousands of sources around the net.

2 hrs ago | KOLD-TV Tucson

Bank of America agrees to nearly $17B settlement

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.

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Related Topix: Banking, Financial Services, Ferguson, MO, Violent Crime, Bob McDonnell, US Governors

4 hrs ago | USA Today

Bank of America pays record $16.65B penalty

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, US News

4 hrs ago | Forbes.com

Bank Of America Settles With Uncle Sam Over Mortgages For Nearly $17B

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.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Publishing, Media, Forbes, Investment Banking, Bear Stearns, WebMD

4 hrs ago | Daily Kos

Bank of America Cuts $16 Billion "Keep Our Executives Out Of Jail" Deal

Well, this is just more of the same. Shareholders and customers pay the tab for greed and incompetence--and the Administration goes along.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

6 hrs ago | Seeking Alpha

Wall Street Breakfast: BofA Expected To Pay $16.5B Mortgage Settlement

Economy After a year-long blockade, Libya has restarted oil exports from its largest port, resolving some mistrust between rebel leaders and the government.

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Related Topix: Home, Mortgage, Personal Finance, World News, OPEC (Organization of the Petroleum Exporting Countries), Financial Markets, Banking, Financial Services, Dollar Tree Stores, Retail

10 hrs ago | Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* Pfizer Inc isn't giving up on striking an overseas takeover to cut its tax rate and gain a new pipeline of drugs, even as the potential cost of acquiring AstraZeneca Plc rises, Bloomberg reported.

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Related Topix: Drugs, Startups, Bain Capital, Banking, Financial Services, Exxon Mobil, Energy, Oil & Gas, Baton Rouge, LA

Wed Aug 20, 2014

Reuters

JPMorgan, BofA to raise junior banker pay by 20 percent: sources

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.

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Related Topix: Banking, Financial Services, JP Morgan Chase , Goldman Sachs, Investment Services, Citigroup

Reuters

UPDATE 1-US preparing suit against Countrywide CEO - Bloomberg

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.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Countrywide Financial, Banking

Housing Wire

Bank of America reportedly reaches $17 billion RMBS settlement

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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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

TheStreet.com

How Will Bank Of America (BAC) Stock Be Impacted By $17 Billion Justice Department Settlement?

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Banking, Financial Services, Mozilla, Home, Mortgage, Personal Finance, Financial Markets, Warren Buffett

Reuters

RBS settles copyright lawsuit after U.S. judge blocks software's use

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.

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Related Topix: Financial Services, Banking, Second Circuit Court of Appeals, US News

The Motley Fool

Bank of America Corp: Expect a Multibillion-Dollar Settlement Any Day

Will we see a similar announcement soon from Bank of America Citigroup settlement sets a precedent for Bank of America As a result of its settlement, Citigroup parts with about $7 billion to end the DOJ's probe into its mortgage business.

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Related Topix: Banking, Financial Services, US News, Mortgage, Personal Finance

Tue Aug 19, 2014

GlobeNewswire

HomeTrust Bank Reaches Settlement in Trademark Dispute With HomeTown Bank

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.

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Related Topix: Virginia, Roanoke, VA, Banking, Financial Services, Greenville (Charlotte, NC)

Seeking Alpha

Bank Of China Is Priced For A Major Catastrophe

Bank of China Limited is severely undervalued, despite very good financial results compared to major U.S. banks like Wells Fargo and Bank of America.

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Related Topix: Financial Services, Wells Fargo , Banking

Business Journal

Bank of America lends $17M to build Audi dealership

Bank of America granted a $16.83 million construction loan to build an Audi dealership in Fort Lauderdale.

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Related Topix: Banking, Financial Services, Fort Lauderdale, FL, Home, Mortgage, Personal Finance

Sys-Con Media

The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, Bank of...

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

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Related Topix: Wells Fargo , Banking, Financial Services, Citigroup, CitiMortgage, Financial Markets, Stanley

Seeking Alpha

Bank Of America - Nearing Inflection Point

The news has been good for Bank of America lately, as it announced its first dividend increase in seven years and plans to settle with the Justice Department.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance

Seeking Alpha

More Evidence On The Funding 'Subsidy' Of The Too Big To Fail Banks

There was $385.8 million in trading of the fixed rate non-call senior debt of BAC, C, JPM and WFC on August 14, 2014.

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Related Topix: Banking, Financial Services, JP Morgan Chase , Wells Fargo , Startups, Mach One, Institutional Venture Partners, Financial Markets

Mon Aug 18, 2014

Forbes.com

Week Ahead Market Report: August 18, 2014

The US markets are higher in early afternoon trading, with the Dow up 1.02%, the S&P higher by 0.81% and the Nasdaq up 0.91%.

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Related Topix: Advanced Micro Devices, Startups, Financial Markets, Banking, Financial Services, Apple

Business Journal

BofA to lay off 51, Springleaf 114 as financial firms cut back

Two Dallas-Fort Worth area financial companies are announcing a total of 165 layoffs, according to letters sent to Texas Workforce Commission under the Worker Adjustment and Retraining Notification Act.

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Related Topix: Texas Workforce Commission, Human Resources, Banking, Financial Services

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