Sources: BBC
The U.S. Consumer Financial Protection Bureau files a lawsuit against banks JPMorgan Chase, Bank of America, and Wells Fargo for failing to protect consumers against alleged widespread fraud on the built-in payment system Zelle equating over $870 million. 2024-12-20
The U.S. District Court in Manhattan, via Judge Jed Rakoff, orders Bank of America to pay $1.27 billion in damages relating to the housing bubble-era actions of what is now its Countrywide unit. 2014-07-30
The ex-chief financial officer of Bank of America, Joe Price, agrees to pay a $7.5 million fine for misleading investors during the acquisition of Merrill Lynch. 2014-04-25
Bank of America agrees to pay $727 million to customers as restitution for deceptive marketing practices and unfair billing. An additional $45 million will be paid as fines to government regulatory groups. 2014-04-9
Bank of America agrees to pay US$1.6 billion to insurer MBIA to settle a long-running dispute between MBIA and two companies Bank of America had since acquired. 2013-05-6
A watchdog group releases a report that details write-downs of $19 billion on more than 168,000 properties by five United States banks. Under terms of a federal and state settlement of foreclosure-processing violations reached one year ago in March, Bank of America lost the most and had $13.5 billion in homeowner debts written off. The other banks are Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, and Ally Financial Inc. [http:--www.foxbusiness.com-news-2013-02-21-us-banks-write-down-1-billion-under-settlement-?intcmp=obnetwork (FoxBusiness)]date=July 2019 2013-02-21
The Mexican drug cartel known as Los Zetas laundered millions of dollars through accounts at Bank of America; that money was then used to finance a horse racing business in the United States, allegedly ran by José Treviño Morales. 2012-07-9
The stock for McDonald's rose 31 percent in 2011, the largest gain in the Dow Jones Industrial Average, while Bank of America fell 59 percent, the largest loss in the Dow Jones. 2011-12-30
Berkshire Hathaway, the conglomerate headed by Warren Buffett, announces a plan to invest $5 billion in Bank of America. 2011-08-25
Bank of America resumes foreclosures in 23 states following a temporary halt in foreclosures due to the 2010 Foreclosure crisis2010-10-18