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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    ... the way toward providing $7 billion in consumer relief required under a landmark settlement it ... in faulty mortgage-backed securities ...
    07/30/2015 - 1:11 pm | View Link
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  • BofA's $8.5 billion mortgage settlement upheld by appeals court
    NEW YORK (Reuters) - Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage-backed securities has upheld by a New York state appeals court. In a ruling on Thursday, the Manhattan appellate court said the bond trustee ...
    03/5/2015 - 7:17 am | View Link
  • 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. The decision by the Appellate Division in Manhattan likely resolved one of the second-largest U.S. bank ...
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  • 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 ...
    02/5/2015 - 7:00 pm | 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 ...
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  • BofA Could See $4 Billion in Tax Savings From $16.65 Billion Settlement
    ... BAC-5.03 % 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 ...
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  • Bank of America
    Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
    08/28/2015 - 3:13 am | View Website
  • Judge Approves $2.43 Billion BofA Securities Fraud Class ...
    Shareholders have until April 25, 2013 to file a claim in the Bank of America securities fraud class action lawsuit settlement.
    08/27/2015 - 11:31 pm | View Website
  • 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.
    08/27/2015 - 4:28 pm | 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 ...
    08/27/2015 - 12:29 am | View Website
  • Bank of America Reaches Settlement in Merrill Lynch ...
    Bank of America Reaches Settlement in Merrill Lynch Acquisition-Related Class Action Litigation
    08/26/2015 - 9:52 pm | View Website
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