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Aug 21, 2014

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 the officials, who spoke with The Associated Press on condition of anonymity because the announcement […]

Oct 25, 2012

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 said Countrywide Financial, which was later bought by Bank of America, churned out mortgage loans […]

Jun 24, 2011

BofA to start charging to replace lost debit cards

As if losing your debit card isn't headache enough. It may soon cost you $5 as well. Bank of America, the nation's largest bank, says it plans to start charging customers $5 to replace lost debit cards. It's just the latest unwelcome news for consumers ...

Jun 7, 2010

BofA to pay borrowers $108M

WASHINGTON, D.C. — Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure.

Mar 24, 2010

BofA to reduce mortgage principal

CHARLOTTE, N.C. — Bank of America is taking a major step to help some of its most troubled mortgage borrowers. The bank says it will forgive up to 30 percent of some customers’ loan principal.

Mar 4, 2010

BofA warrants sale raises $1.54B

WASHINGTON, D.C. — The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America as part of the support it provided during the financial crisis.

Feb 22, 2010

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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