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Showing posts with the label Bank of America

Fortune: Sizing up a sweeping mortgage settlement

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Sizing up a sweeping mortgage settlement Mortgage lenders like Bank of America and Wells Fargo are fighting the fight on all fronts, with the latest being False Claims Act violations. Here's what to look for in any settlements. By Abigail Field, contributor FORTUNE -- The trouble for America's largest mortgage lenders just keeps mounting. How much will it cost them to make it all go away?

WSJ: Fed to BofA: No Dividend for You

MARCH 23, 2011, 8:14 AM ET Fed to Bank of America: No Dividend for You Bank of America is being left in the dividend cold. The banking giant said in a regulatory filing that the Federal Reserve rejected BofA’s proposed plan for a “modest” bump to its dividend in the second half of the year — a move BofA has been signaling to investors for months. BofA said it can “resubmit a revised comprehensive capital plan” to the Fed.