Bank of America paid $315 million to settle crisis-era lawsuits

 · A Reuters source says that Bank of America’s wealth management division has agreed to pay $315 million in a class-action suit representing investors.

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Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was disclosed in.

If the bank were to agree to such a settlement, it would represent a tremendous win for the government after years of public criticism over its struggle to hold wall street accountable for its.

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Law360, Los Angeles (May 5, 2015, 8:58 PM EDT) — Bank of America has paid $315 million to settle lawsuits brought by Deutsche Bank AG and BNP paribas mortgage corp. over BofA’s handling of hundreds.

Charlotte-based Bank of America reported a profit of $168 million. The largest settlement ever reached between the U.S. and a single company, the pact is expected to be the last of the lender’s big.

The settlement announced on Thursday by the US Department of Justice calls for the second-largest US bank by assets to pay US$9.65b. invests US$760 million and owns Bank of America shares. The.

The bank. crisis-era loans through the popular FHA mortgage insurance program. Wells Fargo agreed to pay $1.2 billion in 2016; Bank of America and Chase reached smaller settlements in 2014. Wells.

 · To date, the biggest penalty to emerge from the crisis is the $550 million settlement that Goldman Sachs agreed to in July 2010. The case stemmed from a.

Bank of America settles racial discrimination class action accusing it of "routinely giving black workers short shrift with respect to pay, advancement and. made between 2006 and 2007. $315 million.

 · Bank of America settles class action brought by mortgage investors. bank of America won court approval for a $315 million settlement of a similar lawsuit against its.

Charlotte-based Bank of America has paid $315 million to settle a pair of financial crisis-era lawsuits over who should pay for the multibillion dollar fraud at failed lender Taylor Bean & Whitaker Mortgage.

NEW YORK — Bank of America agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit. The settlement was.