Bank of America paid $315 million to settle crisis-era lawsuits
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Bank of America reported last week that while it is issuing more mortgages – $21 billion worth last quarter, up 18 percent from a year earlier – its mortgage unit is still losing money as the bank.
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BofA Paying $315 Million to Settle With BNP, Deutsche Bank 06 May 2015 by OneStopBrokers Bank of America Corp . agreed in March to pay a combined total of $315 million to settle lawsuits with Deutsche Bank AG and BNP Paribas Mortgage Corp. related to fraud losses at failed lender Taylor Bean & Whitaker Mortgage Corp.
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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.
(Reuters) – Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.
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.
Bank of America has been repeatedly accused of violating federal overtime pay laws and has paid out millions to settle various cases. These include settlements of $22 million in 2001, $4 million in 2003 and $9 million in 2005.
Bank of America agreed to pay $315 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 court.
· Bank of America to Pay Out $16 Billion-Plus record civil settlement.. In addition, $300 million will be paid to settle claims by the state of California, $45 million to settle claims by the state of Delaware, $200 million to settle claims by the state of Illinois, $23 million to settle claims by the Commonwealth of Kentucky, $75 million to.
· Bank of America and the Financial Crisis.. of America, agree to pay $108 million to settle federal charges that the company overcharged customers who were struggling to keep their homes.
NEW YORK, Feb 19 (Reuters) – Royal Bank of Scotland Group Plc has agreed to pay. of America Corp and investors claiming they were misled by the bank’s Countrywide unit. A federal judge approved.