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.

RELATED ARTICLES
ASK NEWS:
  • Bank Stock Roundup: Wells Fargo, Citigroup in Focus for Settling ... - Yahoo! Finance
    Major Developments: 1. Per a U.S. Securities and ... The settlement amount is around $1.2 billion. ... Apart from BofA and Wells Fargo, JPMorgan ...
    02/5/2016 - 2:10 pm | View Link
  • Judge delays payouts in BofA $8.5 billion mortgage bond settlement - Reuters
    UPDATE 1-BofA $8.5 bln mortgage bond settlement payout faces delay ... - Philly.com
    02/5/2016 - 6:18 am | View Link
  • » Fannie/Freddie Clarify Buybacks; Will The... - MortgageNewsDaily
    ... securities. The FDIC was receiver for three failed banks. The settlement ... to PHE, Randell was with BofA where he managed a +$1 billion ...
    02/4/2016 - 11:09 am | View Link
  • Edited Transcript of GILD earnings conference call or presentation ... - Yahoo! News
    Gilead Sciences (GILD) Earnings Report: Q4 2015 Conference Call ... - Lebanon Daily News
    02/3/2016 - 11:38 am | View Link
  • ConAgra Foods, Inc. Announces Cash Tender Offer for $1.4 Billion ... - Yahoo! Finance
    Broadcom Corporation Announces Results of Notes Tender Offers and ... - Reuters
    02/2/2016 - 5:10 am | View Link
  • Radian Announces Fourth Quarter and Full Year 2015 Financial Results - Yahoo! Finance
    Radian Announces Fourth Quarter and Full Year 2015 Financial Results - Reuters
    01/28/2016 - 6:50 am | View Link
  • More
BING NEWS:
  • UPDATE 2-Judge delays payouts in BofA $8.5 bln mortgage bond settlement
    NEW YORK, Feb 5 (Reuters) - A judge on Friday delayed payouts to investors from Bank of America Corp's $8.5 billion mortgage securities settlement after the trustee overseeing the securities asked for instructions on how to split the proceeds among investors.
    02/5/2016 - 9:49 am | View Link
  • $8.5 billion payout remains elusive for BofA MBS investors
    As you probably recall, Bank of America negotiated the proposed settlement in 2011 with 22 ... The trustee has also asked to place the $8.5 billion in interest-bearing accounts backed by U.S. Treasury securities. MBS investors have to be frustrated that ...
    02/5/2016 - 8:16 am | View Link
  • BofA's $8.5 billion mortgage bond settlement wins approval
    NEW YORK (Reuters) - A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety. The decision by the Appellate Division in Manhattan likely resolved one of the ...
    03/5/2015 - 4:39 am | View Link
  • BofA’s $16.65 billion toxic mortgage settlement gets green light
    The record-setting settlement between ... mortgage-backed securities has cleared all of the regulatory and legal hurdles and is now finalized, according to a new report from Bloomberg. In August, BofA agreed to a $16.65 billion settlement over toxic ...
    11/26/2014 - 4:27 am | View Link
  • BofA Could See $4 Billion in Tax Savings From $16.65 Billion Settlement
    ... BAC 4.51 % will pay roughly $4 billion less to the government after tax than the $16.65 billion it agreed to in a settlement over soured mortgage securities, because parts of the settlement will be tax deductible, the bank said Thursday. Bank of ...
    08/21/2014 - 6:59 am | View Link
  • BofA reportedly in $17-billion settlement over toxic loan securities
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement ...
    08/6/2014 - 7:01 pm | View Link
  • BofA to spend $9.3 billion in FHFA settlement
    (Photo: STAN HONDA AFP/Getty Images) Bank of America will spend $9.33 billion to resolve a dispute over mortgage securities with the Federal Housing ... executive Kenneth Lewis reached a $25 million settlement to end an investigation into their actions ...
    03/27/2014 - 1:08 am | View Link
  • More
BING SEARCH:
  • Bank of America to Pay $16.65 Billion in Historic Justice ...
    Bank of America to Pay $16.65 Billion in Historic Justice Department Settlement for Financial Fraud Leading up to and During the Financial Crisis
    01/31/2016 - 8:05 am | View Website
  • Record Bank of America Settlement Latest in Government ...
    Bank of America Corp. will pay $16.65 billion to settle the government's accusations it sold flawed mortgage securities in the run up to the financial crisis, the ...
    08/20/2014 - 7:53 pm | View Website
  • BofA reaches $17 billion settlement over sale of mortgage ...
    BofA reached a record $17 billion settlement over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
    08/20/2014 - 6:20 pm | View Website
  • Bank Of America Reaches Record $17 Billion Settlement With ...
    WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage ...
    08/19/2014 - 10:11 pm | View Website
  • Bank of America and DOJ near $17 billion settlement over ...
    Final terms are almost in place for the record $17 billion settlement between Bank of America and the Justice Department over allegations that the nation ...
    08/19/2014 - 7:55 pm | View Website
  • BofA reportedly in $17-billion settlement over toxic loan ...
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession ...
    08/6/2014 - 11:59 pm | View Website
  • Bank of America in talks on $12 billion mortgage settlement
    Bank of America is in negotiations with the Justice Department and a number of states that could lead to a roughly $12 billion settlement
    06/6/2014 - 7:18 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News