Offstream
news

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

A New York state appellate court in Manhattan rules to approve in its entirety the 2011 settlement by Bank of America with 22 institutional investors including BlackRock Inc, MetLife Inc, and Allianz SE's Pacific Investment Management Co to resolve claims over $174 billion of mortgage securities issued by the former Countrywide Financial Corp. in a $8.5 billion settlement.
2015-03-5

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

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

Fannie Mae files a lawsuit for $800 million against nine different banks, including Citigroup and Bank of America, for manipulating the Libor benchmark interest rate.
2013-11-1

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

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

Moody's downgrades the credit rating of 15 major world banks: UK (The Royal Bank of Scotland, Barclays and HSBC), US (Bank of America, Citigroup, Goldman Sachs and JPMorgan), Rest of world (Credit Suisse, UBS, BNP Paribas, Crédit Agricole, Société Générale, Deutsche Bank, Royal Bank of Canada and Morgan Stanley).
2012-06-21

The United States' largest bank, Bank of America, is surpassed by JPMorgan Chase in total assets, according to Bank of America's quarterly financial earnings report.
2011-10-19

Berkshire Hathaway, the conglomerate headed by Warren Buffett, announces a plan to invest $5 billion in Bank of America.
2011-08-25