Bank of America

Government
9:27 am
Fri August 22, 2014

Kentucky Retirement Systems to Get $23 Million in Big Bank of America Settlement

Credit Kentucky Retirement Systems

 

Bank of America has agreed to pay $23 million in restitution to Kentucky Retirement Systems over fraudulent mortgage-backed securities that fueled the 2008 financial crash. 

The agreement is part of a $16.65 billion settlement with six states attorneys general, which the U.S. Department of Justice announced in a news conference Thursday.

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Government
3:00 pm
Thu August 21, 2014

Bank of America to Pay $23 Million to KRS

Tommy Elliot, chairman of the Board of Trustees, and Executive Director Bill Thielen listen to a presentation during the meeting of Kentucky Retirement Systems on May 15, 2014.
Credit Credit Alix Mattingly / WFPL

Bank of America has agreed to pay $23 million in restitution to Kentucky Retirement Systems over fraudulent mortgage-backed securities that fueled the 2008 financial crash.

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Culture
4:54 pm
Thu June 6, 2013

Foreclosure Auction Scheduled for Nashville Symphony Hall

Credit Wikimedia Commons

Nashville’s Schermerhorn Symphony Center will be auctioned off at the end of June, as part of foreclosure proceedings brought against the Nashville Symphony Orchestra.

The Tennessean reports the NSO's main creditor, Bank of America, issued a formal foreclosure notice on the $82.3 million still owed on the concert hall.

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