BofA (BAC) Wants Payment from Colonial Bank Related to $1.75B in Losses Following Fraud Scheme
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Price: $37.79 -0.05%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 2.8%
EPS Growth %: -17.0%
Overall Analyst Rating:
NEUTRAL ( Down)
Dividend Yield: 2.8%
EPS Growth %: -17.0%
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WSJ reporting BofA (NYSE: BAC) is pushing the parent company of Colonial Bank to pay for about $1.75 billion in losses stemming from a fraud schemed between Colonial and a Florida mortgage lender.
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