Tag Archives: BofA

Barclays poaches top BofA deal banker

Richard Casavechia’s appointment as head of M&A structuring comes as the UK-based group has enjoyed a strong run of US dealmaking Asia homepage

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BofA to pay $16.65bn in mortgage case

Chief executive Brian Moynihan is seeking to put the bank’s burdensome crisis-era legal woes behind it in the largest settlement of its kind Asia homepage

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BofA set to pay $16bn-plus penalty

Bank to resolve mortgage case after Fed clears its capital plans, including a lift in quarterly dividend but not a proposed $ 4bn share buyback programme Asia homepage

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BofA ordered to pay $1.3bn in Hustle case

Judge issued a damning assessment, accusing the bank’s Countrywide unit of a ‘brazen fraud’ for fast-tracking risky mortgages without proper checks Asia homepage

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Buffett to modify BofA investment terms

Buffett invested $ 5bn in 2011 as a vote of confidence in BofA, which was then fending off fears about its exposure to the mortgage market Asia homepage

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BofA earnings surge on credit quality lift

Results exceed estimates of $ 3.3bn of net income, up significantly from a year ago when earnings were heavily depressed by two mortgage settlements Asia homepage

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BofA discourages weekend working for junior staff

A memo discourages weekend working and recommends that analysts and associates at the bank take a minimum of four weekend days off per month Asia homepage

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Jury rules against BofA in mortgage trial

BofA sold the defective loans by rushing them through a programme internally dubbed ‘Hustle’ or ‘high speed swim lane’ Asia homepage

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Mortgage watchdog seeks $6bn from BofA

Regulators at the FHFA are seeking a penalty of more than $ 6bn from BofA, compared with the $ 4bn to be paid by JPMorgan, according to people familiar with the matter Asia homepage

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BofA profits rise on improved credit quality

The second-biggest US bank by assets said revenue rose 4.8 per cent to $ 21.7bn from $ 20.7bn a year ago Asia homepage

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