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.

  • November 2014 Deals & Suits - Corporate Counsel
    In the largest settlement to date ... of Justice, the U.S. Securities and ... BofA will pay $9.65 billion in cash and provide $7 billion in ...
    10/20/2014 - 1:34 pm | View Link
  • Legal fees slam BofA profit - USA Today
    ... charges over mortgage securities ... 01 A whopping legal settlement body ... off five point three billion dollars ... BofA shares fell at ...
    10/15/2014 - 3:46 pm | View Link
  • Era of Reserve Releases Isn't Yet Over For Big Banks - Wall Street Journal
    ... billion in the second quarter and $4.88 billion ... with its recent settlement with the Justice Department over the bank’s mortgage ...
    10/15/2014 - 2:08 pm | View Link
  • BofA's Trading Revenue Lifts Bank To Small Q3 Profit - Town Hall
    Bank of America's (BAC) $17 billion mortgage-backed securities settlement with government regulators didn't hurt the lender as badly as feared, as
    10/15/2014 - 1:08 pm | View Link
  • Bank of America Q3 revenues slip, but beat expectations - New York Post
    ... despite agreeing to pay the nearly $17 billion settlement, the largest ... its toxic mortgage-backed securities. ... A year ago, BofA ...
    10/15/2014 - 10:54 am | View Link
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  • BofA loses money due to DOJ settlement; Wells and PNC stay strong in 3Q
    The loss was expected due to the company’s agreement with federal prosecutors to a $16.7 billion settlement that resolved claims of fraudulent mortgage securities sales. BofA (NYSE:BAC) is the fifth largest deposit taker in the Philadelphia region.
    10/15/2014 - 5:11 am | View Link
  • BofA earnings slump on legal settlement
    (AP) -- Bank of America, the second-largest U.S. bank by assets, said Wednesday that its earnings slumped in the third quarter after it agreed to a settlement with the government over its sale of mortgage-backed securities ... from $2.5 billion in the ...
    10/15/2014 - 3:41 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
  • With BofA Settlement Comes Shift in Work for Firms
    With Bank of America Corp.'s $16.65 billion settlement announcement Thursday over the marketing and sale of subpar residential mortgage-backed securities, prosecutors have closed out the largest remaining government enforcement actions stemming from the ...
    08/21/2014 - 12:36 pm | View Link
  • APNewsBreak: BofA reaches $17B settlement with US
    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 - 5:54 pm | View Link
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  • Holder To Give Funds From DOJ’s $16 Billion Settlement ...
    Nah, nothing shady about this. Via Judicial Watch: The Department of Justice (DOJ) keeps giving radical leftist groups that support President Obama huge amounts of ...
    10/20/2014 - 7:21 am | View Website
  • Bank of America Near $16 Billion to $17 Billion Settlement ...
    Markets Bank of America Near $16 Billion to $17 Billion Settlement Accord with Justice Department to Resolve Mortgage Probes
    10/19/2014 - 9:56 pm | View Website
  • BofA Could See $4 Billion in Tax Savings From $16.65 ...
    Bank of America 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 ...
    10/19/2014 - 7:54 pm | 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.
    10/19/2014 - 11:26 am | View Website
  • BofA Grabs $12 Billion Tax Write-Off From $17 Billion ...
    Bank of America is Paying $17 Billion Over Bad Mortgages, But Deftly Avoided Tax Deduction Restrictions in Settling. It's Saving At Least $4 Billion in ...
    08/21/2014 - 7:52 pm | View Website
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