Bank Of America Reaches Settlement http://wfae.org en Latest Settlement Shows 'Light At The End Of The Tunnel' For BofA http://wfae.org/post/latest-settlement-shows-light-end-tunnel-bofa <p></p><p>We've already established that Bank of America's 2008 acquisition of Countrywide was a costly move – and a mistake in the view of many. The Charlotte bank has spent tens of billions of dollars on settlements and losses tied to that mountain of messed-up mortgages. On Monday, Bank of America made some important progress.</p><p></p><p>Another day, another settlement - or really <em>two</em>, &nbsp;in the case of Bank of America. And these are far from the last we'll expect to see.&nbsp;</p> Mon, 07 Jan 2013 19:29:54 +0000 Julie Rose 18987 at http://wfae.org Latest Settlement Shows 'Light At The End Of The Tunnel' For BofA BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal http://wfae.org/post/bofa-pays-24-billion-settle-lawsuit-over-merrill-lynch-deal <p>Bank of America is paying $2.4 billion to settle a lawsuit over its acquisition of Merrill Lynch. Shareholders accused the Charlotte-based bank of lying about the shape both companies were in at the time of the deal.</p><p>The bank’s then-CEO Ken Lewis raved about buying Merrill Lynch in 2008.</p><p>“Acquiring one of the premier wealth management, capital markets and advisory companies is a great opportunity for our shareholders,” Lewis <a href="http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&amp;p=irol-newsArticle&amp;ID=1390130&amp;highlight=">said </a>at the time.</p> Fri, 28 Sep 2012 20:44:32 +0000 Michael Tomsic 12832 at http://wfae.org BofA Pays $2.4 Billion To Settle Lawsuit Over Merrill Lynch Deal