The Federal Bureau of Investigation announced that a former senior vice president at Bank of America pleaded guilty to misapplication of bank funds in a scheme that led to more than $6.4 million in losses to BOA. read more

FEB 27, 2015 - 6:57 am

Bank of America reported full year net income was $4.8 billion, down 58% from $11.4 billion a year earlier. The bank noted its litigation expense of $16.4 billion in 2014 was up from $6.1 billion a year earlier. read more

JAN 16, 2015 - 12:13 am

Reuters reported that Ambac Assurance sued Bank of America to recoup losses from insuring nearly $1.7 billion of securities backed in part by risky mortgages from the bank’s Country Wide Loans unit. read more

JAN 5, 2015 - 7:30 am

CNNMoney reported that former Countrywide Financial executive Edward O’Donnell may collect approximately $57.6 million from Bank of America for his role in divulging the firm’s fraudulent activity. read more

DEC 19, 2014 - 6:05 am

Bank of America said its Q3/14 financial results will be adjusted to include a $400 million litigation expense related to its foreign exchange business that will result in a net loss of $232 million. read more

NOV 7, 2014 - 7:12 am

Bank of America reported a Q3/14 net loss of $70 million after deducting dividends on preferred shares. The results included a pretax charge of $5.3 billion for the mortgage-securities settlement. read more

OCT 15, 2014 - 1:51 pm

Bank of America announced an initiative designed to stimulate $10 billion of new investment into high-impact clean energy projects. read more

SEP 24, 2014 - 7:04 am