- At issue was a SEC case against Bank of America (NYSE:BAC) mostly for mortgage-related wrongdoing by Merrill Lynch and Countrywide before the bank purchased the two. In this case, BofA will disgorge $109.2M in profit, $6.62M in interest, and pay a civil penalty of $109.2M.
- The clearing of this case will allow the $16.7B global mortgage settlement to move forward.
Court ruling paves way for BofA's $16.7B mortgage settlement
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| Symbol | Last Price | % Chg |
|---|---|---|
| BAC | - | - |
| Bank of America Corporation | ||