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Can Bank of America Sustain its Latest Rally? (BAC)

collected by :Ros Roger

follow the latest news of” banks around the world ” from different sites most famous technicals /Laura J Keller by 2017-01-09 at 22:44

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Bank of America Sued for $542 Million Over FDIC Risk Rule

Bank of America Sued for $542 Million Over FDIC Risk Rule*/

– Bank of America Corp. owes the Federal Deposit Insurance Corp. at least $542 million for deposit insurance that it refuses to pay, the U.S. regulator claimed in a lawsuit.The bank ignored FDIC instructions on how to account for its exposure to counterparties, according to the agency, which sued Monday in federal court in Washington over payments in the last three quarters of 2013 and all of 2014.The total dating to 2011 exceeds $1 billion, according to the FDIC, which said it may revise its complaint.
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FDIC suing NC-based Bank of America for half a billion dollars

FDIC suing NC-based Bank of America for half a billion dollars*/

– × FDIC suing NC-based Bank of America for half a billion dollarsWASHINGTON — Bank of America is being accused of stiffing the FDIC, the government agency that insures people’s deposits against a bank failure.The FDIC filed a lawsuit in federal court on Monday demanding that Bank of America pay $542 million it owes to the regulator’s deposit insurance fund.“Because Bank of America refuses to pay, the FDIC seeks relief from this Court,” the suit in federal court in Washington said.
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Can Bank of America Sustain its Latest Rally? (BAC)

Can Bank of America Sustain its Latest Rally? (BAC)*/

– The prospect of improved banking regulations under a Donald Trump administration, combined with rising interest rates, has made shares of Bank of America Corporation (BAC) great again.But is the company fully recovered from the credit crisis?Bank of America stock closed Friday at $22.68, gaining 2.68% from the prior week’s close of $22.10.
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