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Bank of America News (NYSE:BAC)

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05/27/20162:30PMDJNBank of America Relaunches Sale of Credit-Card Issuer MBNA
Bank of America Corp. has relaunched the sale of one of the U.K.'s biggest credit card companies MBNA, according to people familiar with the matter. The card business, which has about 5 million customers and a loan book of around £ 7 billion ($10.2 billion), is being shopped to a number of potential buyers including... More...>>
05/27/20162:19PMDJNBank of America Relaunches Sale of Credit-Card Issuer MBNA -- Sources
By Max Colchester Bank of America Corp. has relaunched the sale of one of the U.K.'s biggest credit card companies MBNA, according to people familiar with the matter. The card business, which has about 5 million customers and a loan book of around GBP7 billion ($10.2 billion), is being shopped to a number of potential... More...>>
05/26/20161:30AMDJNWells Fargo to Offer Low-Down-Payment Mortgages Without FHA Backing
Wells Fargo & Co. is rolling out a new mortgage for borrowers making minimal down payments, an offering that could allow the bank to step back significantly from a controversial Federal Housing Administration program. The move comes as most of the country's main banks exit from any substantial role making loans... More...>>
05/25/20163:02AMDJNBofA Tipster Gets to Keep His Reward -- WSJ
Court throws out fine against bank, but complex rules are in whistleblower's favor By Christina Rexrode and Aruna Viswanatha Edward O'Donnell blew the whistle on "the Hustle," a high-speed mortgage-selling scheme that led to a $1.27 billion fine against Bank of America in 2014. On Monday, an appeals... More...>>
05/24/20169:10PMDJNSolicitor General Tells Supreme Court Not to Hear Interest-Rate Case
WASHINGTON—The Obama administration on Tuesday advised the Supreme Court not to hear a closely watched case challenging state caps on interest rates. The high court in March had invited U.S. Solicitor General Donald Verrilli to weigh in on the case, Midland Funding LLC v. Madden, before deciding whether to hear Midland's... More...>>
05/24/20167:35PMDJNBank of America Tipster Gets to Keep His Reward
By Christina Rexrode and Aruna Viswanatha Edward O'Donnell blew the whistle on "the Hustle," a high-speed mortgage-selling scheme that led to a $1.27 billion fine against Bank of America in 2014. On Monday, an appeals court threw out the penalty -- but Mr. O'Donnell still gets to keep a $58 million... More...>>
05/24/20163:02AMDJNCourt Tosses Crisis-Era Fraud Fine -- WSJ
Federal appellate judges in New York throw out civil penalty in Bank of America 'Hustle' case By Aruna Viswanatha and Christina Rexrode An appeals court dealt the Obama administration a major setback in its efforts to levy tough fines on corporations and executives, overturning a civil mortgage-fraud case against... More...>>
05/23/20167:52PMDJNAppeals Court Throws Out $1.27 Billion Penalty Against BofA -- 3rd Update
By Aruna Viswanatha and Christina Rexrode An appeals court dealt the Obama administration a major setback in its efforts to levy tough fines on corporations and executives, overturning a civil mortgage-fraud case against Bank of America Corp. tied to the financial crisis. The court on Monday also tossed out a $1 million... More...>>
05/23/20164:25PMDJNAppeals Court Throws Out $1.27 Billion Penalty Against BofA -- 2nd Update
By Aruna Viswanatha and Christina Rexrode An appeals court dealt the federal government a major setback in its efforts to punish big banks for the financial crisis, overturning a mortgage fraud case against Bank of America Corp. that has framed the Obama administration's legal strategy in pursuing multibillion-dollar... More...>>
05/23/20163:13PMDJNCivil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- 3rd Update
By Nicole Hong In a setback for some of the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision... More...>>
05/23/20162:53PMDJNCivil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- 2nd Update
By Nicole Hong In a setback for some of the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision... More...>>
05/23/20162:04PMDJNCivil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- Update
By Nicole Hong In a setback for some of the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision... More...>>
05/23/20161:35PMDJNCivil Antitrust Claims Reinstated Against 16 Banks in Libor Case -- Update
By Nicole Hong In a setback for some of the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision... More...>>
05/23/20161:30PMDJNCivil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case
In a setback for some the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision from 2013, in which... More...>>
05/23/20161:22PMDJNCivil Antitrust Lawsuits Reinstated Against 16 Banks in Libor Case
By Nicole Hong In a setback for some the world's largest financial institutions, a U.S. appeals court on Monday reinstated the private antitrust lawsuits filed against 16 banks for allegedly rigging Libor interest rates. The ruling from the Court of Appeals for the Second Circuit reverses a lower court decision from... More...>>
05/23/201612:51PMDJNAppeals Court Throws Out $1.27 Billion Penalty Against BofA -- Update
By Aruna Viswanatha, Christina Rexrode and Devlin Barrett A federal appeals court on Monday reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit., a major blow to the government which had won the high-profile financial crisis case... More...>>
05/23/201612:40PMDJNAppeals Court Throws Out $1.27 Billion Penalty Against Bank of America
A federal appeals court on Monday reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit., a major blow to the government which had won the high-profile financial crisis case at trial. The U.S. Court of Appeals for the Second Circuit... More...>>
05/23/201612:24PMDJNAppeals Court Throws Out $1.27 Billion Penalty Against Bank of America
By Aruna Viswanatha A federal appeals court on Monday reversed a lower court order that Bank of America Corp. pay a $1.27 billion penalty in connection with mortgages sold by its Countrywide unit., a major blow to the government which had won the high-profile financial crisis case at trial. The U.S. Court of Appeals for... More...>>
05/23/20169:00AMBWU.S. Trust Study Finds Entrepreneurs Choose Career Path of Most Resistance
Business Owners Willing to Work Hard for Greater Control of Their Destiny;Biggest Concerns Are Unknown Impact of Presidential Election, Cybersecurity;Less Than Half Have an Exit Strategy In its annual survey of high net worth business owners, U.S. Trust found that business ownership can be challenging, but most entrepreneurs... More...>>
05/23/20169:00AMBWU.S. Trust Study Finds 10 Common Success Traits for Building and Sustaining Wealth
Seventy-Seven Percent of High Net Worth Surveyed Came From Low- to Moderate-Income Families The 2016 U.S. Trust Insights on Wealth and Worth® survey released today found 10 common success traits that create a picture of modern day wealth in America. This Smart News Release features multimedia. View the full release here:... More...>>
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