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Home » Archives by category » Business News » Bank of America

Bank of America Wriggles Off Hook Over Merrill Charges

Bank of America Wriggles Off Hook Over Merrill Charges

  Bank of America may have wriggled off the hook over a 2010 case in which they are accused of misleading shareholders regarding Merrill Lynch’s losses. Their violations of the…

Bank of America’s Use of Fraud Statute Challenged

Bank of America’s Use of Fraud Statute Challenged

  Thomson Reuters reported U.S. District Judge Jed Rakoff challenged a fraud statute the United States government applied against Bank of America Corp. in litigation involving the sale of mortgages…

MBIA Sued by Bank of America

MBIA Sued by Bank of America

  MBIA Inc has been sued by Bank of America Corp in a state court in New York for interfering with a tender offer to purchase bonds from MBIA, according…

Bank of America Agrees to Pay $2.43 Billion to Settle Lawsuit

Bank of America Agrees to Pay $2.43 Billion to Settle Lawsuit

  In a lawsuit filed by shareholders, claims were made against Bank of America that said the bank and its officers made misleading or false statements about the financial health…

Bank of America Settling Probe over Disabled Borrowers

Bank of America Settling Probe over Disabled Borrowers

Bank of America Corp has agreed to settle DOJ accusations that it violated the Fair Housing Act and Equal Credit Opportunity Act by discriminating against mortgage applicants on the basis…

FBI Uncovers Mexican Drug Cartel’s Laundering Through Bank of America

FBI Uncovers Mexican Drug Cartel’s Laundering Through Bank of America

A Mexican drug cartel has been laundering money through Bank of America. The bank, the second largest in the States, is being investigated by the FBI due to the apparent…