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7 Jul 2011, 7:02 am by Steve Kramer
Cochrane July 13th is the tentative date for a settlement date between JP Morgan Chase, Bank of America, and three other US mortgage companies in the resolution of various state and federal claims regarding faulty foreclosures. [read post]
21 Sep 2011, 10:09 am by Mark J. Astarita, Esq.
Not much of a surprise here - Moody's Investors Service has lowered Bank of America Corp.'s debt ratings, saying it is now less likely that the U.S. government would step in and prevent the lender from failing in a crisis.Still watching for the Merrill spinoff........Moody's lowers BofA's debt ratings, shares tumble [read post]
7 Jun 2010, 10:45 am
[JURIST] Bank of America (BOA) [official website] subsidiary Countrywide Home Loans, Inc. on Monday reached a $108 million settlement agreement [text, PDF] with the Federal Trade Commission (FTC) [official website] to resolve charges that the subsidiary collected excessive fees from homeowners facing foreclosure. [read post]
6 Dec 2019, 6:18 pm by Daily Record Staff
Civil litigation — Default Judgment — Appellate review Appellants Leautry Dixon and Valerie Dixon were sued by Appellee Bank of America, N.A. [read post]
8 Nov 2011, 7:22 am by Sarah Posner
[JURIST] A senior judge for the US District Court for the Southern District of Florida [official website] on Monday gave final approval to a $410 million settlement in the class action suit against Bank of America (BOA) [corporate website] for overdraft fees that affected more than 13 million people. [read post]
24 May 2011, 11:22 am
[JURIST] A class action settlement for $410 million between Bank of America (BOA) [corporate website] and customers claiming they were illegally charged overdraft fees was preliminarily approved on Monday in federal court. [read post]
21 Sep 2016, 12:40 pm by Bloomberg
Bank of America Corp. and a former managing director agreed to settle a lawsuit in which she accused the institution of being a “bros club” that favored male employees. [read post]
19 Jul 2012, 8:15 am by Dan Taglioli
[JURIST] Bank of America (BOA) agreed Tuesday to pay $375 million in a settlement with bond insurer Syncora Guarantee [corporate websites; press release] over claims that Syncora was misled into insuring toxic mortgage-backed securities of BOA-owned Countrywide Financial Corporation [NYT backgrounder]. [read post]
29 Dec 2015, 1:51 pm by Bloomberg
(Bloomberg) — Bank of America Corp. will post a $600 million pretax writedown in the fourth quarter as it redeems $2 billion of trust preferred securities tied to its 2009 acquisition of Merrill Lynch. [read post]
19 Nov 2020, 12:07 pm by Johanna Alonso
Morgan State University received $1 million from Bank of America as a part of the corporation’s $25 million initiative to promote high-demand job skills among Black and Latino students. [read post]
1 Sep 2010, 10:31 am
[JURIST] The US Securities and Exchange Commission (SEC) [official website] announced Wednesday that a judge in the US District Court for the Southern District of New York [official website] has approved a fund set up by Bank of America (BOA) [corporate website] in accordance with the settlement agreement [JURIST report] reached earlier this year. [read post]
24 Aug 2011, 9:07 am by By DEALBOOK
Bank of America analysts are down on bank stocks. [read post]
25 Feb 2009, 7:35 am
It's the big guessing game on Wall Street and in Washington these days: How much equity will the government need to supply this time to pump up confidence in Citigroup and Bank of America - and will it lead to government control of America's banking giants? [read post]
29 Mar 2011, 5:36 am by By MICHAEL J. DE LA MERCED
Glenn Schiffman, the head of Nomura Holdings' investment banking for the Americas and a former Lehman Brothers banker, is leaving the firm. [read post]
30 Sep 2011, 10:00 am by Mark J. Astarita, Esq.
Bank of America's new fee is great news for every other bank in America. [read post]
21 Apr 2014, 12:22 pm
The plaintiffs argued that the Bank of America had a miserly labor budget and tried to compensate for lack of funds by managing overtime very aggressively. [read post]
3 Jul 2012, 7:52 am by Allison Zieve
In a recent Rolling Stone article entitled “The Scam Wall Street Learned From the Mafia: How America's biggest banks took part in a nationwide bid-rigging conspiracy - until they were caught on tape,” by consumer reporter Matt Taibbi writes about a financial corruption trial against three bank executives in the case United States v. [read post]