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BAC Market Currents
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4:22 AM BofA (BAC) will buy back $330M of home loans from Freddie Mac (FMCC.OB) after flaws were found in how the loans were created. Though a relatively small re-purchase, the bank's overall costs tied to defective home loans have totaled more than $42B so far.
8 Comments[Financials]
- Monday 12:24 PM The FDIC sues JPM, C, BAC, and DB in New York, acting as receiver for Strategic Capital Bank which claims $11M in losses in MBS-related losses. [Financials]
- Monday 8:10 AM JMP Securities cuts the TBTF banks due to the European crisis, with analyst David Trone's base case scenario (60% chance) seeing a Greek exit, but no contagion. He sees just a 10% chance Greece stays in the EMU. That leaves 30% for exit, but with contagion. [Financials]
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at CNBC.com (Wed, 7:11PM)
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at CNBC.com (Wed, 5:26PM)
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at MarketWatch.com (Wed, 5:17PM)
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at MarketWatch.com (Wed, 3:35PM)
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at CNBC.com (Tue, 5:04PM)
BAC Press Releases and Filings
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Company Description
Bank of America Corporation (together, with its consolidated subsidiaries, Bank of America, the Corporation, our company, we or us) is a Delaware corporation, a bank holding company and a financial holding company under the Gramm-Leach-Bliley Act. Our principal executive offices are located in... More