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Bank of America News

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

1 hr ago | Trader Mike

STTG Market Recap August 21, 2014

Despite short term overbought conditions the markets are holding up and not really coming in.

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Related Topix: Banking, Financial Services, e-dialog, Hunch, eBay, Startups, GSI Technology, Magento

Thu Aug 21, 2014

National Mortgage News

B of A to Pay $245 Million to Close SEC Mortgage Probes, Plans Bond Sale

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.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Banking, Financial Services, US Securities and Exchange Commission, Financial Markets

Reuters

UPDATE 1-New York, California reap mini-bonanza from Bank of America settlement

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.

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

Business Journal

Duly Noted: Medical marijuana industry town hall drew hundreds

Bloomberg's Adam Johnson examines Bank of America's sixteen-point-seven-billion dollar settlement in mortgage probes.

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Related Topix: Marijuana, Banking, Financial Services, Home, Mortgage, Personal Finance, Trucking, United Parcel Service, Air Courier, Transportation

National Mortgage News

What Bank of America's Settlement Means

Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides.

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

Bloomberg

BofA Seeks to Prove Buffett Right After Record Settlement

Bank of America just announced it will pay the largest settlement in U.S. history for its role in selling toxic mortgage securities.

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Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Warren Buffett, Evansville, IN, US News

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

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

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

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

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

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

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