Bank of America

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Earlier this month, Bank of America became the latest large financial institution to announce it would limit its financing of coal companies.

The move stemmed from concerns about climate change and regulatory factors that make investing in the industry more risky. The new approach to coal companies was pushed by environmental groups such as the Rainforest Action Network. But in Kentucky, the head of the coal association said the policy would likely have little practical impact on the coal industry.

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.

Bank of America to Pay $23 Million to KRS

Aug 21, 2014
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.

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.