bac

Bank of America bought Countrywide back in 2008 by the company's former CEO.

Shortly after that, Countrywide's loose lending troubled Bank of America with big loan losses and litigation related to securities backed by flawed mortgages.

Bank of America (NYSE:BAC) has a potential upside of 94% based on a current price of $7.21 and an average consensus ana

Business Journal reported that the executives at Bank of America (NYSE:BAC) regret their 2008 acquisition of Countrywide Financial as the final mortgages continue to cause financial, legal, and public relations problems for the fo

Rosenberg began at Bank of America in 2002 after departing from Credit Suisse, where he was a director of U.S. investment-grade strategy.

Bank of America (NYSE:BAC) has a potential upside of 106.5% based on a current price of $6.77 and an average consensus analyst price target of $13.98.

Bloomberg reported that the head of global research of Bank of America (NYSE:BAC), Jeffrey Rosenberg left to join Blackrock Inc., according to a person familiar with the move, who declined to be identified because the announcement

Bank of America (NYSE:BAC) CEO Brian Moynihan wrote a letter in the company's internal website that said the bank would weather market turbulence, according to a report in the Wall Street Journal.

In June, the bank settled a dispute with outside investors, including PIMCO and Blackrock (NYSE:BLK) who purchased Countrywide Financial mortgage bonds.

The settlement, which also included securities trustee Bank of New York Mellon (NYSE:BK), has to be approved by a New York court.

Bank of America (NYSE:BAC) has a potential upside of 58.3% based on a current price of $8.83 and an average consensus analyst price target of $13.98.

New York Attorney General Eric Schniederman will oppose Bank of America's (NYSE:BAC) $8.5 billion settlement over repurchasing toxic mortgage loans.

Bank of America (NYSE:BAC) is close to announcing an $8.5 billion settlement over soured mortgages after a group of bondholders demanded refunds, according to a Bloomberg report. Bondholders included BlackRock Inc.

The bank may try to retain half of its 25.6 billion shares because it intends to remain a strategic investor in the Chinese bank, said two of the people, who declined to be named as the plans are still private.

"It's a strategic relationship and it will continue to be one for a long time," said Larry DiRita, a spokesman for the Bank of America.

The sale w

Bank of America (NYSE:BAC) may sell part of its $21 billion stake in China Construction Bank Corp to raise its capital level before new international standards take effect, according to three people briefed on the plans by Bloombe