bank of america

8/22/14 Panel

Aug 22, 2014


  Today's panelists are WAMC’s Alan Chartock, University at Albany Journalism Professor and Investigative Reporter, Rosemary Armao, and College of St. Rose Communications Professor, Mary Alice Molgard.

Topics include:
Bank of America settlement

New York State

New York state is getting $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.

New York Attorney General Eric Schneiderman announced the settlement Thursday. He says the bank has agreed to pay the state $300 million in cash and $500 million in the form of direct relief to consumers.

The Consumerist

Bank of America Corp., the biggest bank in Massachusetts, plans to close four more branches in the state in March.