Friday, 13 Apr 2012 | Source: Reuters
A judge has ruled that Brian Moynihan must testify in a lawsuit brought by MBIA which claims the bank fraudulently induced it to insure risky mortgage-backed securities.
Friday, 17 Feb 2012 | Source: Reuters
MBIA claimed it has new evidence of "widespread mortgage-origination fraud" at Bank of America's Countrywide unit, hoping to bolster its $1.4 billion lawsuit accusing that unit of fraudulently inducing it to insure risky mortgage-backed securities.
Posts |
COMPANY : Countrywide Financial
19 Mar 2012
Posted By:John ValentovicCNBC Stock Blog
Despite the fact that its shares moved back above $10 on Monday, doubling its lows from three months ago, Bank of America is still a stock to avoid due to a multitude of lingering issues, according to both FBR Capitals’ Paul Miller and Sterne Agee financial services analyst Todd Hagerman.... Read More
27 Dec 2011
Bank of America might need to raise $45 billion by 2019 to de-risk its balance sheet, with vulnerability largely in the residential real estate sector, one “Fast Money” analyst said.... Read More
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