1. Bank of America Settles on Mortgage Securities
... with Credit Agricole in New York. "It's about time the industry resolves issues from the financial crisis and focuses more on righting their companies and improving the economy. This is the most significant step since the financial crisis that helps do that" (Schwartz). Although this deal would right a lot of wrong, it would come at a great cost to the company. The settlement would claim all of the company's earnings in the first half ... Bank of America's board approves the settlement, court approval is needed in New York. Bank of America is expected to take a $5 billion after-tax char...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate