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Bank of America Corporation

Breaking News about Bank of America Corporation:

Feds Announce Record Settlement With Bank Of America, Creating Tax Fund And Potential Tax Deductions

Aug 21 2014 4:24pm CDT | Source: Forbes Real Time

Calling it "the largest civil settlement with a single entity in American history," Attorney General Eric Holder and Associate Attorney General Tony West announced that the Department of Justice had reached a $16.65 billion settlement with Bank of America Corporation. Wha ...
Full article at: Forbes Real Time
 

 

Bank Of America: The Positive Implications Of The Fine Imposed

Aug 12 2014 11:16am CDT | Source: SeekingAlpha

By Balanced Investing:The final verdict by the Department of Justice "DOJ" has marked an end to the series of penalties charged for the wrong acquisition picks by Bank of America Corporation (NYSE:BAC). The bank has already paid out $60 billion to clear up the mess and repurchase mortgage-backed securities. The final amount has been settled at $16 billion, where more than 50% of the fine will be paid in cash and the remaining balance will be directed for ...
Full article at: SeekingAlpha
 

 

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