Bank of America Corp (NYSE:BAC) could potentially face an additional penalty related to the DOJ, state AGs and RMBS Working Group investigations, note Credit Suisse analysts.
Moshe Orenbuch and Jill Glaser Shea of Credit Suisse in their research report dated March 27, 2014 note such additional an penalty / fine may not be fully reserved for.
Bank of America’s $9.3 billion settlement with FHFA
On Wednesday, Bank of America Corp (NYSE:BAC) reached a $9.3 billion settlement for claims that it sold Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) faulty mortgage bonds.
In January, Bank of America Corp (NYSE:BAC) received approval from the State...
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