1. Bank of America Settles on Mortgage Securities
... Mayo, a bank analyst 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 ... group of investors will share in the proceeds, according to the people who were briefed on the proposed settlement. Additionally, Bank of America agreed to improve its payment collection process by hiring specialists to focus on high-risk loans and improve their methods for tracking ...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate