1. Bank of America Settles on Mortgage Securities
... come at a great cost to the company. The settlement would claim all of the company's earnings in the first half of this year. Furthermore, it would undoubtedly break ground for other big banks that face similar situations (Schwartz). The Bank of America settlement involves more than 20 investors, including asset managers Pimco, Metropolitan Life and BlackRock, as well as the Federal ... , the bank did not want to raise capital or sell stock to find the money for the settlement. They do not anticipate having to do so, but they do face other troubles. All 50 state attorneys general are fin...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate