Bank of America is expected to pay nearly $17 billion to settle U.S. Department of Justice accusations it packaged shoddy mortgages into securities and sold them to investors in the run-up to the financial crisis, according to a person familiar with the negotiations.
Bank Of America Reaches $17 Billion Settlement
WSJ.com: What's News US, Wall Street Journal
Wed, 08/20/2014 - 11:47am
BING NEWS:
- The US could give homeowners a $980 billion stimulus at no additional cost, 'Oracle of Wall Street' says
"As early as this summer, a proposed move could begin to unleash almost $1tn into consumers' wallets. By the autumn, it could be on its way to $2tn." ...
05/3/2024 - 5:04 am | View Link - Americans were paid an additional $235 billion in interest in 2023, thanks to the Fed
If you’re carrying a lot of high-interest debt, the fact that the Federal Reserve once again did not cut interest rates at its Wednesday meeting may be disappointing, if not surprising.
05/1/2024 - 4:32 am | View Link - Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024
The company had $143.3 billion in revenue in the first three months of the year, up 13 percent from a year earlier. Profit more than tripled, to $10.4 billion. The results beat analysts’ expectations.
04/30/2024 - 11:24 am | View Link - UMB reaches deal on $2B acquisition of Denver-based bank, biggest in its history
The bank, one of the largest in the St. Louis area, said the transaction will result in it having $64.5 billion in assets, raising it to the top 5% of the 616 publicly-traded banks in the U.S.
04/29/2024 - 5:53 am | View Link - Bank of America Stock: Buy, Sell, or Hold?
Bank of America has outpaced the S&P 500 index over the past several months. The bank sits on unrealized losses of $113 billion due to higher interest rates. Its top executives expect better ...
04/27/2024 - 4:25 pm | View Link - More
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