Search results
Results from the WOW.Com Content Network
Then, on June 25, 2008, Countrywide announced it had received the approval of 69% of its shareholders to the planned merger with Bank of America. Finally, on July 1, 2008, Bank of America Corporation completed its purchase of Countrywide Financial Corporation.
It's official: Disgraced lender Countrywide Financial has now been "re-branded" as Bank of America Home Loans. Jane Wells reports on the move and all the window dressing that Bank of America is ...
Countrywide Financial, Calabasas, California: Bank of America, Charlotte, North Carolina: Mortgage lender $ 4 × 10 ^ 9 [10] July 14, 2008: Alliance & Leicester: Grupo Santander: Retail and mortgage bank £ 1.26 × 10 ^ 9 [11] August 26, 2008: Roskilde Bank: Danmarks Nationalbank (Danish Central Bank) Retail bank $ 896,800,000 (kr4,500,000,000 ...
Bank of America's logo from 1969 to 1998 Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015 Following passage of the Bank Holding Company Act of 1956 by the U.S. Congress , [ 24 ] BankAmerica Corporation was established for the purpose of owning and ...
Any Bank of America investor or banking-sector fan knows that Bank of America's acquisition of Countrywide will go down as one of the worst of all time. The mortgages written by Countrywide ...
After Bank of America took a $2 billion preferred stake in the nation's largest mortgage originator in the summer of 2007 and before B of A ultimately acquired the company outright, Mozilo sat ...
On January 11, 2008, Lewis announced that Bank of America would buy Countrywide Financial for $4 billion, stating that it was a "rare opportunity" for the company. [14] Bank of America would eventually complete the acquisition for $2.5 billion.
Most of the words used to describe mortgage lender Countrywide Financial are either unkind or unprintable. But Bank of America Corp. (BAC), which bought the embattled company for $4 billion in ...