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Tag Archives: merrill lynch

Bank of America settles mortgage suit for $315M

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 disclosed in court papers filed late Monday in U.S. ...

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Bank of America expects $1.8B gain from stake in Chinese bank

CHARLOTTE, N.C. — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base. The latest sell-off in the Chinese bank, announced Monday, is expected to generate ...

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AIG sues Bank of America for $10B over mortgages

NEW YORK — More trouble piled up for Bank of America Corp. on Monday, as American International Group Inc. sued it for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The ...

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