Bank of America shareholders got good news at the end of last week. On Friday, the attorneys general offices in Delaware and New York said they will no longer challenge Bank of America's $8.5 billion settlement with the Bank of New York Mellon and a group of institutional investors. In the video below, Motley Fool contributor John Maxfield discusses what this means for the nation's second-largest bank by assets.
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New York Clears the Way for Critical Bank of America Settlement
By John Maxfield
–
May 7, 2013 at 5:20PM
NYSE: BAC
Bank of America
Market Cap
$357B
Today's Change
(-0.73%) -$0.34
Current Price
$47.12
Price as of June 27, 2025, 3:58 p.m. ET
The latest news appears to increase the likelihood that Bank of America will soon put more legal liability behind it.
John Maxfield and The Motley Fool own shares of Bank of America. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Bank of America
BAC
$47.12
(-0.73%)
$0.34
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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