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…
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…
As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …