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Tag Archives: BofA

BofA, US reach $17B settlement

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. One of ...

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BofA mortgage fraud lawsuit tops $1 billion

NEW YORK — The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis. U.S. Attorney Preet Bharara ...

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BofA hires two former Merrill execs

CHARLOTTE, N.C. — Bank of America Corp. said Monday that former Merrill Lynch executives Sam Chapin and Todd Kaplan are returning to serve as executive vice chairmen of its global banking operations.

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