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Bank of America to pay billions in mortgage deal

Settlement is government's largest stemming from lending boom that led to epic housing crash

Bank of America Will Pay $16.65 Billion Over Mortgages

It's the largest settlement of its kind to come out of the financial meltdown that led to the Great Recession.

DealBook: Bank of America Reaches $16.65 Billion Mortgage Settlement

With the settlement — the largest by a single company in American history — Bank of America’s legal bill related to mortgage issues is approaching $70 billion.

Bank of America agrees to nearly $17B settlement

USA TODAY: Bank of America has agreed to pay nearly $17 billion to settle federal and state allegations it sold risky, mortgage-backed securities to investors before the national financial crisis, a person familiar with the matter said Wednesday. The settlement ...

The Wall Street Journal: Bank of America reaches $16.65 billion settlement

Settlement caps legal odyssey that has dogged bank since the depths of the financial crisis.

Bank of America Makes Whopping Mortgage Settlement

Company to pay dearly for role in sale of flawed mortgage investments.

Holder to announce record Bank of America settlement

Deal over bank's failure to disclose risk behind mortgage-backed securities would be largest settlement stemming from 2008 crisis

Morning Agenda: Bank of America Nears Huge Settlement

New York Times: The Justice Department is set to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying troubled mortgage securities, DealBook's Ben Protess, Jessica Silver-Greenberg and Michael Corkery write, ...

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BANK OF AMERICA..

Bank of America reaches $17B settlement with US

The Denver Post: WASHINGTON — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer: almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar.

Bank of America Expected to Settle Huge Mortgage Case for $16.65 Billion

New York Times: The Justice Department is poised to announce a $16.65 billion settlement with Bank of America over accusations that it duped investors into buying toxic mortgage securities, say people briefed on the matter — the single largest government settlement ...

Announcement On Bank Of America Settlement Expected Soon

NPR: The Bank of America settlement was negotiated through a joint federal and state working group established by President Barack Obama two years ago with the Justice Department and other federal and state authorities. Individual states are expected to ...

Bank of America Is Handing Over a Record Sum to the Justice Department, and

The Slatest (blog): It's been a boring day for Bank of America's stock. Shares dipped a bit after the Fed released minutes from its latest policy meeting but have basically stayed flat (up less than 1 percent) through the afternoon. In fact, if you glanced at Bank of ...

Announcement On Bank Of America Settlement Expected Soon

The bank has reached a record settlement of nearly $17 billion to resolve a probe into its role in the sale of mortgage-backed securities before the 2008 financial crisis, according to AP sources.

Bank of America expected to pay $16bn in US mortgage case

Settlement will be a coda to a painful period for the bank and the broader financial industry

Bank of America settlement expected to be a record $17 billion, but true cost likely lower

WASHINGTON - Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Department will increase ...

BANK OF AMERICA CORP..

One Factor Driving Bank of America (BAC) Stock Up Today

TheStreet.com: The gross profit margin for BANK OF AMERICA CORP is currently very high, coming in at 86.47%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 9.28% trails ...

Current Mortgage Interest Rates at Bank of America, Wells Fargo and SunTrust

USFinancePost: In a new settlement, Bank of America Corp has agreed to hand over $26.4 million. Judge Jerry A Frank in Orlando approved the recent settlement plan in 2011. This settlement with Bank of America involves a trust paying $10.3 million and getting a $26 ...

Britain's EU exit could lead to banking exodus - Financial Times

Citigroup Inc (C.N), Morgan Stanley (MS.N) and Bank of America Corp (BAC.N) are considering Ireland as an alternative location for some of their European activities if they need to move them out of the UK, according to people familiar with the banks, the Financial Times reported.(http://on.ft.com/1t80uTx) Bank of America and Morgan Stanley declined to comment on the article. Citigroup could ...

ANALYSTS AT BANK OF AMERICA..

UPDATE: Bank Of America Upgrades Domtar

Benzinga: Analysts at Bank of America believe Domtar displays a positive risk/reward skew, displaying optimism within a volatile environment. Uncoated free sheet (UCFS) and pulp markets have been experiencing supply reduction with speculation of an increase of ...

Bank Of America: Columbia Sporstwear Positioned For Sustainable Growth

Benzinga: Shares of Columbia Sporstwear (NASDAQ: COLM) rose more than four percent on Monday after analysts at Bank of America upgraded shares to Buy from Underperform with a price target raised to $92 from a previous $82. Rafe Jadrosich of Bank of America ...

Portland General Electric Company Rating Increased to Buy at Bank of America

WKRB News: Portland General Electric Company (NYSE:POR) was upgraded by stock analysts at Bank of America to a “buy” rating in a report issued on Monday. Portland General Electric Company (NYSE:POR) traded up 0.78% on Monday, hitting $33.46. The stock had a ...

Bank Of America: Columbia Sporstwear Positioned For Sustainable Growth

COLM ) rose more than four percent on Monday after analysts at Bank of America upgraded shares to Buy from Underperform with a price target raised to $92 from a previous ...

BANK OF AMERICA REACHES..

Bank of America reaches $17B settlement wi

Washington Times: FILE - This July 16, 2013, file photo shows a Bank of America branch on Peachtree Street, in Atlanta. How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not $17 ... more >.

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