Bank Of America In Talks To Settle Probe Into Merrill Lynch MBS Sales

16AprApril 16, 2014

Bank Of America In Talks To Settle Probe Into Merrill Lynch MBS Sales

Bank of America Corp (NYSE:BAC) is apparently in talks to end a Department of Justice inquiry into its mortgage backed securities business. The company, which announced its earnings for the first quarter of 2014 this morning, is apparently considering a multi-billion dollar settlement with the US government in order to end the investigation.

According to the report, which initially appeared on Reuters this afternoon, the company has . . .

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.

Author

VW Staff

The post above is drafted by the collaboration of the ValueWalk Team.

Valuation Gap Between Chinese A And H Shares To Narrow

Apr

The valuation gap between A shares and H shares is expected to dwindle, though the two share classes still won't be fungible, notes a Credit Suisse analyst. Victor Lin of... Read More

US Consumer – The $13 trillion Gorilla In The Room

Jul

The state of the consumer economy is a major concern for large developed economies around the world. Manufacturing sectors in developed markets are contracting and as China continues to... Read More

Morning News: Yahoo!, Chesapeake Energy, Actavis, GE, Campbell Soup

May

Morning Market Update Stocks that are expected to trade actively in U.S. markets on Monday include: Yahoo! Inc. (NASDAQ:YHOO), Goldman Sachs Group, Inc. (NYSE:GS), Actavis Inc (NYSE:ACT), Warner Chilcott Plc... Read More

Blue Mountain Credit Fund Down Four Percent In 2019 As Company Mounts PG&E Battle

Mar

Blue Mountain's Credit Alternatives Fund lost 1.32% in February according to a copy of investor correspondence that has been reviewed by ValueWalk. Q4 hedge fund letters, conference, scoops etc doctor-a /... Read More

Large Cap US Banks Face Legal Quagmires, Declining NIMs: Deutsche

Feb

Deutsche Banks Markets Research analysts Matt O’Connor, Robert Placet, David Ho and Dan DelMoro frame a ‘Question Bank’ in their recent research note on US large cap banks. One page... Read More

Warren Buffett Warns About A Nuclear Iran

Mar

Give up sanctions only if the U.S. is assured Iran does not have or cannot quickly get a nuclear weapon, Buffett says Read More

“Bulls Beware,” Says SocGen

Mar

“Bulls beware,” a March 13 Societe Generale European Equity report warned. And the concern is not just for EU stocks. There are a host of market events that could... Read More

Charlie Munger: “You’ll Be Happier If You Reduce Your Expectations”

Mar

At this year's Daily Journal annual meeting of shareholders, the company's chairman, Charlie Munger, took questions from the audience for two hours. Q4 2019 hedge fund letters, conferences and more He... Read More

Nu Skin Enterprises, Inc. (NUS) Fined By China, But Shares Skyrocket

Mar

Nu Skin Enterprises, Inc. (NYSE:NUS) offered an update today on the situation in China via a press release. Officials there have been investigating the company's activities in the wake... Read More

Most Hedge Fund Employees Unsatisfied With 2016 Compensation

Mar

The majority of hedge fund executives are unsatisfied with their compensation despite the fact the majority of fund managers are making more money in 2016 than 2015, a year... Read More