Former Merrill Lynch brokerage head Robert McCann has settled his lawsuit with his former employer Bank of America/Merrill (NYSE:BAC) today, clearing the way for the 51 year old to become the head of UBS AG (NYSE:UBS) wealth management operations in the Americas next month. “We did settle...
Bank of America, the second-largest bank in the United States, has agreed to settle a class action lawsuit brought against it for charging repeated fees for some insufficient funds transactions. Here’s what to know about the class action lawsuit, and if Bank of America owes you some money...
Bank of America has agreed to pay USD 75 million to settle a lawsuit accusing the bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, Reuters says. A preliminary settlement of the proposed class action was filed with the federal court i...
The article reports on the settlement offer by Bank of America Investment Services for a lawsuit filed by U.S. federal regulators that it failed to tell customers it favored two of its own mutual funds in selecting certain investments. The U.S. Securities & Exchange Commission (SEC) also ...
Bank of America reached a settlement over a class-action lawsuit related to its controversial acquisition of Merrill Lynch.
The article reports on a 2013 settlement of lawsuits against Bank of America over alleged misrepresentations on mortgage-backed securities by Countrywide Financial Corp., a subsidiary of the bank as of 2008, noting one was a class-action lawsuit led by the Iowa Public Employees' Retirement System...
The lawsuit, filed in 2017, targeted the two banks, industry group Clearing House Payments Co., and its subsidiary Askeladden LLC. Clearing House is allegedly co-owned by 25 financial institutions, including BofA and Wells...
This website contains information regarding the case known asOwens, et al. v. Bank of America, N.A., et al.,Case No. 1:19-cv-20614-MGC (the “Action”). TheNoticeexplains the lawsuit, the Settlement, your legal rights, the benefits that are available, who is eligible for those bene...
Bank of America (BAC) is in talks to pay at least $12 billion to settle several federal and state probes related to the lender’s improper mortgage-bond underwriting practices that took place before and during the 2008 financial crisis, the Wall Street J
Bank of America was forced to take a number of charges and write-offs related to the deal in subsequent years. The costs included Bank of America’s settlement of a $2.4 billion class action lawsuit related to the acquisition.10 The Merrill Lynch name survives. The company was founded in ...