Settlement Expected to Reduce Q3-14 Pretax Earnings by $5.3 Billion and Negatively Impact EPS by Approximately $0.43 per Share
Bank of America announced today that it has reached a comprehensive
settlement with the U.S. Department of Justice (DoJ), certain federal
agencies and six states. The settlement includes releases on the
securitization, origination, sale and other specified conduct relating
to residential mortgage-backed securities (RMBS) and collateralized debt
obligations (CDOs), and an origination release on residential mortgage
loans sold to Governmentmore...
Today the World Bank (International Bank for Reconstruction and
Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up
Callable Green Bond sold to Merrill Lynch Wealth Management clients.
Bank of America Merrill Lynch offered the step-up fixed rate bonds,
which are callable after one year. The bonds will pay a 2.32 percent
coupon per year for the first five years (stepping up to a maximum final
coupon of 8.82 percent per year)more...
The Bank of America Chicago Marathon today announced that three-time
Olympic Gold medalist, 18-time World Championship medalist and current
World Record holder in the 5,000m and 10,000m, Kenenisa Bekele (ETH),
will compete in his second marathon and first World Marathon Major in
Chicago on October 12. In a career spanning nearly 15 years, Bekele, 32,
has only raced on American soil – and always on the track – five times.
In one of themore...