Bank of America Corp Offers $13B To Settle Mortgage Probe

Mani

Published onJuly 16, 2014

Updated on May 13, 2021

Bank of America Corp (NYSE:BAC) has reportedly enhanced its offer from $12 billion to $13 billion to settle a probe into mortgage securities sold by the bank, according to a July 16th Wall Street Journal report.

Bank of America Corp Offers $13B To Settle Mortgage Probe — Image: Logo

Citing people familiar with the development, The Wall Street Journal reports the bank met with U.S. Justice Department representatives on Tuesday, although apparently no progress was made towards a final deal.

Bank of America’s deal with DOJ

As reported...

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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 Offers $13B To Settle Mortgage Probe

Bank of America’s deal with DOJ

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