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.

  • U.S. SEC charges Rio Tinto, former top executives with fraud
    NEW YORK, Oct 17 (Reuters) - The U.S. Securities and Exchange ... Mozambique acquired for $3.7 billion and sold a few years later for $50 million. The U.K.'s Financial Conduct Authority also said Tuesday it had reached a settlement with Rio Tinto under ...
    10/17/2017 - 11:25 am | View Link
  • Goldman Sachs (GS) Q3 2017 Results
    Equity securities generated net revenues of $1.4 billion, reflecting sales ... If you exclude the tax benefits related to the settlement of equity awards, our effective tax rate for the year to date would have been roughly 29%. Our global core liquid ...
    10/17/2017 - 2:30 am | View Link
  • Markets Live: ASX slips but AMP climbs
    Platinum Asset Management added 2 per cent to $6.67 after the global equities manager showed funds under management swelled by around $1 billion to $24.8 billion ... worry about were the prospect of a fine or settlement flowing from the AUSTRAC case ...
    10/16/2017 - 4:55 am | View Link
  • Wells Fargo's (WFC) CEO Tim Sloan on Q3 2017 Results
    All customers identified is having potentially unauthorized accounts are being notified directly as to how they can participate in a $142 million class action settlement and ... Investment securities increased $5 billion in the quarter, we had ...
    10/13/2017 - 1:11 pm | View Link
  • Greg Medcraft says reforms gave ASIC more bite
    Greg Medcraft cites industry funding and removing the Australian Securities & Investments Commission from ... Medcraft had hoped to reach a settlement but the banks refused because it would involve an admission of guilt. “We need a credible outcome ...
    10/13/2017 - 2:33 am | View Link
  • More
  • Bank of America Reaches Comprehensive Settlement With U.S ...
    Bank of America announced today that it has reached a comprehensive settlement ... $5.3 Billion and ... Bank of America's other subsequent Securities and ...
    10/10/2017 - 11:32 am | View Website
  • | Bank of America Admits Disclosure Failures to ...
    Bank of America has agreed to settle the two cases by paying $245 million as part of a major global settlement announced today by the U.S. Department of Justice in which Bank of America will pay $16.65 billion to resolve various investigations involving violations of laws regulated by other federal agencies.
    10/8/2017 - 9:14 pm | View Website
  • BofA Settlement Case in State Court
    Providing a major relief to BofA, a U.S. Appeals Court has ruled that the company's $8.5 billion settlement deal related to MBS will be reviewed in the New ...
    09/29/2017 - 10:51 pm | View Website
  • 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
    09/7/2017 - 12:54 pm | View Website
  • BofA's $8.5 billion mortgage bond settlement wins approval ...
    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.
    03/5/2015 - 12:15 pm | 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