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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 number of analysts, including Ralf Preusser from Bank of America and Ric Deverell from Credit Suisse, believe that the United Kingdom economy is heading into a recession.
2016-06-27

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

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

Warren Buffett who through Berkshire Hathaway controls a significant block of the shares of Kraft came out in opposition to Kraft's proposal to float 370 million shares in order to fund its bid for the UK based confectioner Cadbury.
2010-01-5