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Bank of America Corporation (BAC-PK)

NYSE - Nasdaq Real Time Price. Currency in USD
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23.68-0.13 (-0.55%)
As of 11:38AM EDT. Market open.
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  • Bloomberg

    BofA Settles Ambac Subprime Mortgage Case for $1.8 Billion

    (Bloomberg) -- Bank of America Corp. agreed to pay $1.84 billion to settle claims by bond insurer Ambac Financial Group regarding residential mortgage-backed securities, clearing away the bank’s last major legal hangover stemming from the 2008 financial crisis.Most Read from BloombergBiden Says Putin Threats Real, Could Spark Nuclear ‘Armageddon’Kremlin Lets State Media Tell Some Truths About Putin’s Stalling WarMusk's Twitter Takeover Hits Snag Over Debt-Financing IssueNord Stream Leaks Caused

  • Reuters

    Bank of America to pay Ambac $1.84 billion to settle crisis-era mortgage case

    (Reuters) -Bank of America agreed to pay bond insurer Ambac Financial Group $1.84 billion, the bank said in a filing Friday, bringing to a close the last of the lender's major lawsuits stemming from the 2008 mortgage crash. The settlement concludes the Charlotte, North Carolina-based lender's protracted legal battle over its ill-fated purchase of Countrywide, which was once the largest U.S. mortgage lender, during the financial crisis. "Ambac is very pleased to have reached this settlement with Bank of America," Claude LeBlanc, Ambac's chief executive officer, said in a statement.

  • Motley Fool

    These 2 Stocks Make Up 52% of Warren Buffett's $325 Billion Portfolio

    Few people command the attention of Wall Street professionals and everyday investors quite like billionaire Warren Buffett. Since taking the reins of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, the Oracle of Omaha, as he's come to be known, has created more than $615 billion in value for shareholders and generated an aggregate return on his company's Class A shares (BRK.A) of 3,641,613%. In other words, there's plenty of reason for Wall Street and investors to pay attention to what Buffett is buying, selling, and holding.