Bank of America paid $315 million to settle crisis-era lawsuits

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Bank Of America Settles For $315 Million Over Bad Merrill Lynch Investments. Just last week, the same judge who has to sign off on this settlement blocked a $285 million settlement between Citigroup and the Securities & Exchange Commission because that agreement included no admission of guilt or assertion of innocence on Citi’s part. The AP reports that the BofA settlement includes similar language.

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Bank of America Corp has agreed to pay $1.6 billion in cash. The MBIA deal is just the latest settlement Bank of America has reached to resolve crisis-era litigation. Last month, the bank reached a.

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Bank of America Corp. agreed to pay $315-million (U.S.) to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.

Bank of America agreed to pay 5 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in.

Charlotte-based Bank of America has to settle a pair of financial crisis-era lawsuits over who should pay for the multibillion dollar fraud at failed lender Taylor Bean.

By Brandon Lowrey. Law360, Los Angeles (May 5, 2015, 8:58 PM EDT) — Bank of America has paid $315 million to settle lawsuits brought by Deutsche Bank AG and BNP Paribas Mortgage Corp. over BofA’s handling of hundreds of millions of dollars in mortgage-backed notes, according to a recent Securities and Exchange Commission filing.

Bank of America Corp. paid $315 million to settle a pair of financial crisis-era lawsuits filed by Deutsche Bank AG and BNP Paribas SA over who should be responsible for losses tied to the.

Bank of America shares slipped 9 cents to $8.88 on the New York Stock Exchange in afternoon trading. Prior to this accord, the largest crisis-era investor class action settlement involved. agreed.

Bank of America Corp. paid $315 million to settle a pair of financial crisis-era lawsuits filed by Deutsche Bank AG and BNP Paribas SA over who should be responsible for losses tied to the multibillion-dollar fraud at disgraced mortgage lender Taylor Bean & Whitaker Mortgage Corp. Deutsche Bank’s and BNP Paribas’s mortgage units were investors.