1. Bank of America Settles on Mortgage Securities
... think this is huge," said Michael 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 deal would right a lot of wrong, it would come at ... is expected to take a $5 billion after-tax charge in the second quarter to cover the payout. As soon as the settlement is complete, Bank of America is going to redirect its efforts its redirecting inv...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate