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15 Sep 2008, 3:01 am
From the Wall Street Journal: In a rushed bid to ride out the storm sweeping American finance, 94-year-old Merrill Lynch & Co. agreed late Sunday to sell itself to Bank of America Corp. for roughly $44 billion.The deal, which was being worked out in 48 hours of frenetic negotiating, could instantly reshape the U.S. banking landscape, making the nation's prime behemoth even bigger. [read post]
14 Aug 2009, 6:06 am
Bank of America Corp. said that as of Thursday it will stop requiring that disputes with its credit card holders and banking and lending customers be settled by binding arbitration, opening the door for class-action and other lawsuits to push up the bank’s legal costs. [read post]
18 Nov 2010, 6:03 am by R. Grace Rodriguez, Esq.
Now it is uncertain if that applies to all of Bank of America or not but take a look at this downward spiral that Bank of America is facing: Oct. 19, 2010 - Because of the Credit Card and Debit Card rules sponsored by Senator Durbin, Bank of America Corp. reported today a loss of $7.6 billion in the third quarter, as it took a writedown of more than $10 billion to prepare for new legislation that it says could virtually wipe out its … [read post]
5 Jun 2011, 11:08 am by Thomas McAvity
Much of this surge in newly issued notices of default is attributable to one loan servicer, Bank of America Corp.’s foreclosure arm, ReconTrust Co. [read post]
7 Aug 2014, 2:21 pm by Bloomberg
Justice Department just got Bank of America Corp. to pay about $16 billion to settle charges of selling defective mortgages to investors. [read post]
15 May 2020, 10:20 am by Tom Smith
Bank of America Corp on Thursday sold a debut $1 billion corporate bond, the first from a global commercial bank with the specific purpose of financing parts of the health industry as it battles the coronavirus pandemic. [read post]
5 Dec 2011, 6:13 am by Mark J. Astarita, Esq.
An Austin woman filed suit Thursday against Bank of America Corp., alleging the company fraudulently sought to foreclose on her home. [read post]
6 Aug 2014, 4:35 pm by Sabrina I. Pacifici
WSJ.com: “Bank of America Corp. 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-related misconduct in the run-up to the financial crisis, according to people familiar with the matter. [read post]
11 Jul 2010, 10:25 am by Securites Lawprof
Bank of America Corp., in a letter to the SEC, admitted to making six transactions that concealed billions of dollars of debt, in order to cut the size of a unit's balance sheet and meet internal financial targets. [read post]
28 Aug 2013, 8:26 am by Philip R. Stein
Department of Justice sued Bank of America last October, joining a whistleblower lawsuit originally brought by former Countrywide Financial Corp executive Edward O’Donnell. [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.' [read post]
11 Mar 2009, 3:50 pm
Houston Business Journal: "Bank of America Corp. now ranks as the largest U.S. bank ranked by assets, according to a... [read post]
2 Dec 2011, 7:33 am by Texas RioGrande Legal Aid
An Austin woman filed suit Thursday against Bank of America Corp., alleging the company fraudulently sought to foreclose on her home. [read post]
28 Aug 2014, 10:48 am by Robert M. Siegel and Enza G. Boderone
In what is being reported as the largest settlement ever between the U.S. and a single business entity, Attorney General Eric Holder and Associate Attorney General Tony West announced Thursday that Bank of America Corp. [read post]
7 Jan 2013, 5:30 pm by malik
Bank of America bought Countrywide Financial Corp. in July 2008, just before the financial crisis. [read post]
7 Mar 2014, 5:30 pm by Malik W. Ahmad
Bank of America bought Countrywide Financial Corp. in July 2008, just before the financial crisis. [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]