Sources: BBC
Berkshire Hathaway Inc has become the largest shareholder of Bank of America by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. Bank of America on Tuesday announced the exercise of the warrants, which gave Berkshire, controlled by Warren Buffett, the right to buy the bank’s shares for about $7.14 each. Bank of America shares closed down 14 cents at $23.58 on the same day. 2017-08-29
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
Alcoa, Hewlett-Packard, and Bank of America will be dropped from the Dow Jones Industrial Average from next week to be replaced by Visa Inc., Nike, Inc and Goldman Sachs. 2013-09-10
For $8.5 billion, ten banks settle to stop mortgage foreclosure process audits. The United States government regulators had been engaged in a loan-by-loan review of home loan practices during the Great Recession. Bank of America, Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Co, MetLife Bank, Aurora Bank FSB, PNC Financial Services Group Inc, Sovereign Bank NA, SunTrust Banks Inc, and U.S. Bancorp settle with regulators to pay out cash up to $125,000 to homeowners whose homes were being foreclosed when the paperwork problems emerged. Further, Bank of America agrees to pay $11.6 billion to government mortgage finance company Fannie Mae. 2013-01-7
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
The hacker group Anonymous releases e-mails obtained from the Bank of America. 2011-03-14
Bank of America bans Wikileaks payments as a result of news of an upcoming release of information on banks in the United States that could leave an impact. 2010-12-18
A United States bankruptcy judge orders Bank of America to return $500 million it seized from the bank accounts of the defunct Lehman Brothers trading firm a few weeks before Lehman declared bankruptcy in 2008. 2010-11-17
Bank of America resumes foreclosures in 23 states following a temporary halt in foreclosures due to the 2010 Foreclosure crisis2010-10-18