1. Bank of America Settles on Mortgage Securities
... -related losses - $25 billion of that could belong to Bank of America, the most of any of the major banks. Prior to this settlement, Bank of America paid out or set aside approximately $17 billion. The bank is expected to announce that it will set aside even more money for future losses on mortgage securities after the settlement is completely paid off (Schwartz). Paul Miller of FBR Capital Markets projects that ... redirect its efforts its redirecting investor attention away from the scandal and on to the bank's performance in the second half of the year (Schwartz). Bank of America has ...
- Word Count: 793
- Approx Pages: 3
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- Grade Level: Undergraduate