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>> BANK OF AMERICA Latest News

JUN 06, 2014 - Investors Business Daily

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Feds Want More Than BofA's $12 Bil Settlement Offer

Bank of America (BAC) reportedly is negotiating a deal worth at least $12 billion to settle allegations by the Justice Department and multiple states into the lender's alleged handling of shabby mortgages. The settlement could get more expensive, given that federal prosecutors have been pressing for a total exceeding $13 billion. Bank of America shares rose 1.1% to 15.60 on the stock market today. Its stock is flat for the year. At least $5

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