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 Whistleblower to Get Nearly $58 Million--Filing
    At the time, the bank’s negotiations with the Justice Department over a broad mortgage-securities settlement were already well under way. When that settlement, for $16.65 billion, was announced in August, it folded in Mr. O’Donnell’s sealed complaint.
    12/17/2014 - 10:18 am | View Link
  • BofA’s $16.65 billion toxic mortgage settlement gets green light
    In August, BofA agreed to a $16.65 billion settlement over toxic mortgages ... The settlement was held up until recently by political infighting at the Securities and Exchange Commission stemming from whether the bank would be granted relief from sanctions.
    11/26/2014 - 7:20 am | View Link
  • 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 - 12:58 pm | View Link
  • $17 billion mortgage settlement for BofA
    WASHINGTON – Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
    08/20/2014 - 6:04 pm | 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 - 11:53 am | View Link
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  • 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
    12/15/2014 - 3:59 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 ...
    12/14/2014 - 9:01 pm | View Website
  • The truth behind the $17 billion Bank of America settlement
    Wall Street has agreed to make up for some of its wrongdoing. But what's really behind the Bank of America settlement?
    12/14/2014 - 2:56 pm | View Website
  • Bank of America Near $16 Billion to $17 Billion Settlement
    Bank of America and the Justice Department are close to a deal in which the bank will pay between $16 billion and $17 billion to resolve allegations of mortgage ...
    12/14/2014 - 6:20 am | View Website
  • Bank of America
    Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
    12/12/2014 - 4:24 pm | View Website
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