Bank of America Corp (BAC) Near Record Settlement With DOJ

Mani

Published onAugust 7, 2014

Updated on May 13, 2021

Bank of America Corp (NYSE:BAC) is said to be nearing a $16 billion to $17 billion settlement with the Justice Department to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis.

Bank of America Corp (BAC) Near Record Settlement With DOJ — Image: Logo

The Wall Street Journal cites people familiar with the matter who say that Bank of America Corp (NYSE:BAC) agreed to the outlines of a deal after a night-time phone call on July 30 between the bank’s chief executive officer, Brian Moynihan, and Attorney General Eric Holder.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Bank of America Corp (BAC) Near Record Settlement With DOJ

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