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.

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  • BofA Says It Settled Seattle Bank Mortgage Suit for $190 Million - Bloomberg
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  • BofA says it settled Seattle Bank mortgage suit for $190 Million
    Goldman Sachs Group Inc. agreed to pay $37.5 million to that successor as part of a $5.1 billion settlement last month with the ... complaints over sales of residential mortgage-backed securities, according to data compiled by Bloomberg Intelligence.
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  • 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 ...
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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 ...
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  • BofA Could See $4 Billion in Tax Savings From $16.65 Billion Settlement
    ... BAC 3.32 % 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 - 6:58 am | View Link
  • BofA reaches $17 billion settlement over sale of mortgage-backed securities
    Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. The officials say the ...
    08/20/2014 - 11:23 am | View Link
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    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives.
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    Westlaw Practitioner Insights keeps you current with legal news and practice area analysis. Available at Legal Solutions from Thomson Reuters.
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  • $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 ...
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  • Bank of America Reaches Comprehensive Settlement With U.S ...
    Bank of America announced today that it has reached a comprehensive settlement with the U.S. Department of Justice (DoJ), certain federal agencies and six states.
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