Investors Extend Talks With Bank of America Over Mortgage Bonds

by | Dec 16, 2010 | Towing

Bank of America (BAC) said talks will continue with bondholders who are demanding it buy back securities backed by billions of dollars of bad mortgages.

Bank of America has been in talks with investors including Pacific Investment Management Co (Pimc…

Bank of America Says It’s Ready to Exit TARP

by | Dec 6, 2010 | Towing

Bank of America has told U.S. regulators that it has met the final condition that was set on its plan to exit the government’s Troubled Asset Relief Program. BofA, which repaid $45 billion in TARP funds in December 2009, needed…