Bank of America
On Monday, the Congressional Hispanic Caucus Institute announced that five major companies have made significant contributions to the CHCI to further educational and job training programs for future Latino leaders.
Bank of America Corp announced more than $14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan problems that have dogged it for years.
Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans, in a series of deals meant to help the bank move past its disastrous 2008 purchase of Countrywide Financial Corp.
One day after Bank of America customers experienced slowness in accessing their accounts via the banks' Web site, Chase bank customers reported similar issues.