Hugh Son
Moynihan opts to ‘rip off Band-Aid’ from BofA loan wound
NEW YORK - Bank of America Corp. is settling for a bigger loss on defective mortgages than CEO Brian T. Moynihan had forecast in...
BofA agrees to $8.5 billion settlement, sees quarterly loss
NEW YORK - Bank of America Corp., the biggest U.S. bank, agreed to pay $8.5 billion to resolve claims over soured mortgages after bondholders...
BofA may post $27 billion in housing losses, Bernstein says
LONDON - Bank of America Corp., the largest U.S. lender, may face a further $27 billion of housing-related losses between now and 2013 amid...
BofA’s Moynihan says home price declines to be ‘incremental’
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan said he expects future U.S. home-price declines will be “incremental,” a day after...
BofA ‘has work to do’ on future GSE claims, Moynihan says
NEW YORK - Bank of America Corp., the biggest U.S. bank by assets, still faces costs to settle disputes with mortgage firms Fannie Mae...
Bank of America mortgage-servicer ratings downgraded by Moody’s
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, had its servicer-quality ratings cut by Moody’s Investors Service after delaying...
Moynihan’s loan struggle may push BofA dividend boost to 2012
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan said the firm’s dividend may not rise from 1 cent a share until...
BofA posts profit, settles more disputes on faulty lending
NEW YORK - Bank of America Corp., the largest U.S. lender by assets, reported its first profit in three quarters and settled more claims...
Bank of America reports CEO’s compensation cut to $1.94 million
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, cut compensation for CEO Brian T. Moynihan by 70 percent to...
BofA says Fed objected to planned dividend increase in 2011
NEW YORK - Bank of America Corp., the biggest U.S. lender by assets, said the Federal Reserve objected to its request for a dividend...
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