Bofa Near $8.5 Billion Settlement On Securities: Report

BofA near $8.5 billion settlement on securities: report

NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • BofA Raises Dividend for First Time Since Crisis - Wall Street Journal
    BofA Raises Dividend, Drops Buyback as Capital Plan Approved - Washington Post
    08/6/2014 - 2:01 pm | View Link
  • BofA Said to Near Mortgage-Probe Settlement of Up to $17 Billion - Washington Post
    Citigroup Inc.’s $7 billion settlement in July and JPMorgan Chase & Co.’s $13 billion deal ... about $965 billion in mortgage backed securities
    08/6/2014 - 12:31 pm | View Link
  • BofA Said Nearing Up to $17 Billion Mortgage Settlement - BusinessWeek
    BofA said to near mortgage accord for as much as $17 billion -
    08/6/2014 - 12:14 pm | View Link
  • BofA reportedly reaches $17-billion settlement over toxic mortgages - Los Angeles Times
    ... over toxic mortgage securities that ... in bonds, by three firms BofA acquired in ... raised its settlement offer to $13 billion and then $14 ...
    08/6/2014 - 11:47 am | View Link
  • BofA agrees to pay $17-billion penalty over mortgage meltdown - Los Angeles Times
    ... over toxic mortgage securities that ... in bonds, by three firms BofA acquired in ... raised its settlement offer to $13 billion and then $14 ...
    08/6/2014 - 11:34 am | View Link
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  • BofA Grabs $12 Billion Tax Write-Off From $17 Billion Mortgage Settlement
    Bank of America may be smarting over the historic $17 billion legal settlement it reached over soured mortgage securities Still, it should be mollified that it’s getting a hefty tax write-off. How, you might ask? It got around the Department of Jusitce ...
    08/21/2014 - 1:51 pm | View Link
  • 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. Bloomberg takes a look at five surprising things that are valued at less than Bank of America's $16.65 billion settlement.
    08/21/2014 - 1:30 pm | View Link
  • With BofA Settlement Comes Shift in Work for Firms
    With Bank of America Corp.'s $16.65 billion settlement announcement Thursday over the marketing and sale of subpar residential mortgage-backed securities, prosecutors have closed out the largest remaining government enforcement actions stemming from the ...
    08/21/2014 - 12:36 pm | View Link
  • FDIC allotted $1.03 billion of BofA settlement
    The Federal Deposit Insurance Corporation as receiver for 26 failed banks announced a $1.03 billion settlement ... of federal and state securities laws in connection with the sale of 63 residential mortgage-backed securities. The settlement will be ...
    08/21/2014 - 11:31 am | View Link
  • Public pension funds get share of BofA’s record $16.65 billion settlement
    The settlement, which includes $7 billion in consumer relief and $9.65 billion in cash ... boosting the total recovery on losses sustained from investments in mortgage-backed securities to more than $500 million. Illinois Attorney General Lisa Madigan ...
    08/21/2014 - 10:23 am | View Link
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  • Bank of America Newsroom
    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives.
    08/21/2014 - 1:23 am | View Website
  • Bank of America
    Bank of America (abbreviated as BoA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
    08/20/2014 - 5:06 am | View Website
  • $8.5 Billion BofA Settlement of Countrywide Trusts Raises ...
    As more details emerge about Bank of America's proposed $8.5 billion settlement with Kathy Patrick's bondholder group and Bank of New York Mellon ("BoNY") as Trustee ...
    08/19/2014 - 6:36 pm | View Website
  • Why a $7 Billion Settlement for Citigroup May Be Good News ...
    Citigroup is nearing a massive settlement with the Justice Department, and the way the process has played out good mean great things for Bank of America.
    07/10/2014 - 8:13 pm | View Website
  • Bank of America Mortgage Settlement Is Said to Be ...
    Bank of America and the Justice Department have reached an impasse in negotiations over a multibillion-dollar settlement deal, raising the stakes in an ...
    06/10/2014 - 10:22 pm | View Website
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