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.

Warren Buffett's Lucky Bet

Mar

Pilotless planes will routinely fly passengers by 2030. Machine intelligence will have passed the “Turing Test” by 2029. Get The Full Warren Buffett Series in PDF Get the entire 10-part series on... Read More

Should You Look For Value In Cash Flows?

Dec

Most deep-value investors look at the balance sheet and P/E multiples when they are hunting for bargains, a strategy taught by the godfather of value investing, Benjamin Graham. However, what... Read More

Separating Alpha From Beta Is Best Done With CAPM

Jul

In measuring the horse race that is alpha versus beta, the capital asset pricing model, used by many professional hedge fund allocators to determine the true manager skill involved... Read More

Michael Zimmerman’s Prentice Capital is having a strong year

Dec

Prentice Capital was up 15.3% net last month, bringing its year-to-date gain to 49.4% net. Prentice touted its ability to preserve capital during market downturns like the first quarter... Read More

FSB May Tag Funds With Over $100 Billion “Too Big To Fail”

Jan

The Financial Stability Board (FSB) may label investment funds that manage over $100 billion in assets as too big to fail. FSB and International Organisation of Securities Commission (IOSCO) said... Read More

Markel Corporation (MKL) – Brief Overview [Slides]

Jun

By y Value Seeker Quick overview of MKL, how I think about the underlying drivers of the business http://valueseekerinvestments.blogspot.com/2017/06/markel-corp-mkl-brief-overview-38.htmlgoing forward, decomposing BVPS growth. Read More

Why Is The UK Banking System So big And Is That A Problem?

Dec

Though size can be important, it is the resilience of a banking system that is key for financial stability, notes a Bank of England report. In a report co-authored by... Read More

Emerging Markets Have Diverged: A Look At Attractive Countries

Feb

Now that emerging markets, especially those with current account deficits, have started to stumble due to concerns about the effects of tapering and rising US Treasury yields value, investors... Read More

[email protected] Takes On PE-Sponsored IPO Landscape

Jun

When private equity firms buy a company they don’t want to hold onto it forever, and one of the standard exit strategies is to take it public (not always... Read More

Trump’s Reforms Could Revolutionize The Corporate Bond Market

Jan

Credit investors should celebrate the election of Donald Trump as his reforms could revolutionize the corporate bond market, that’s according to a report issued by Bank of America Merrill... Read More