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  • 5/21/13 10:02 am EDT
    Bank of America Assisted 366,000 Customers With National Mortgage Settlement Programs Through March 31

    Bank Believes Consumer Relief Provision Has Been Exceeded; Continues Outreach to Offer Assistance to Remaining Eligible Customers

    Less than a year after beginning implementation of principal reduction and other consumer relief programs under the National Mortgage Settlement (NMS), Bank of America completed and approved assistance to about 320,000 customers totaling $29.2 billion in aggregate relief across all settlement programs through March 31. Nearly 46,500 additional homeowners who are making timely payments on loan balances that exceed the current value of themore...
  • 5/21/13 9:00 am EDT
    High Net Worth Investors Refocus on Growth but Overlook Family, Health and Retirement Risks, Finds U.S. Trust 2013 Insights on Wealth and Worth

    Long-term Care Costs and Financial Support for Extended Family Are Unseen Risks to Wealth

    U.S. Trust 2013 Insights on Wealth and Worth found that family health has emerged as the new risk to family wealth. Long-term care and out-of-pocket healthcare costs, combined with financial support for extended family, are weighing heavily on families, particularly women and younger generations, yet are risks to wealth that are not well reflected in financial planning. U.S. Trust today published findings of a survey of 711 highmore...
  • 5/21/13 8:56 am EDT
    Bank of America Announces Preferred Stock Public Offering
    Bank of America Corporation today announced an underwritten public offering of depositary shares, each representing a 1/25th interest in a share of its Non-Cumulative Perpetual Preferred Stock, Series U, with a liquidation preference of $25,000 per share (equivalent to $1,000 per depositary share). BofA Merrill Lynch will serve as sole book-running manager for the offering. Bank of America intends to use any net proceeds it receivesmore...
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BOFA_NEWS ON TWITTER

Michael Hanson, #BofAML senior US economist, to appear on @BloombergTV Market Makers today from 10 AM to 12 PM ET-1 hour 31 min ago
RT @BofA_Community: Our thoughts are w/those affected by tornados in #OK. See updated list of closed banking ctrs & open charging ctrs http…-22 hours 40 min ago
46K+ #BofA mortgage customers approved for 1st-lien mods, received $7B+ in forgiven principal via #NMS: http://t.co/FI25QmchKO-23 hours 16 min ago
366K #BofA customers received relief via national mortgage settlement programs through 3/31: http://t.co/FI25QmchKO-1 day 15 min ago
Our thoughts are with those in Oklahoma City and the surrounding areas.-1 day 13 hours ago

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