Bank of America

Bank of America may offer biggest settlement in American history

Bank of America may offer the biggest settlement to the U. S in American history, as it agreed to pay over $16 billion to settle the largest single federal settlement into the sale of mortgage-backed securities, which led to the 2008 financial crisis.

Reports have revealed that initial... read more

Bank of America ordered to $1.2 Billion to settle ‘Hustle’ Fraud

A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud. The investigations carried out by the government found that the second largest bank in the country holds the liability of selling second-hand loans by former Countrywide Financial Corp. to... read more

BoA said to be negotiating $12bn settlement over home loans

Bank of America Corp (BoA) is reportedly pursuing negotiations with government authorities to settle ongoing probes over the lender's alleged handling of shoddy mortgages that led to the 2008 financial crisis.

Citing anonymous sources, the Wall Street Journal reported that Bank of America... read more

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