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FDIC, SEC Slam BofA with $1B in Settlements

August 21, 2014 by Eugene Grygo

The Federal Deposit Insurance Corp. (FDIC) and the SEC have announced more than $1 billion in settlements against Bank of America Corp. (BofA) and its entities in efforts to resolve claims against BofA related to residential mortgage-backed securities (RMBS) and securities fraud charges, FDIC and SEC officials say. The SEC settlement of $245 million is… Read More >>

Filed Under: General Interest, Industry News Tagged With: Bank of America, federal deposit insurance corporation, Securities and Exchange Commission

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