Bank of America Corp (BAC): Three Things It Must Do Before Next Year

Page 2 of 2

Bank of America Corp (NYSE:BAC) is one of only two banks that haven’t settled various issues with MBIA, and recent court rulings are making a settlement look like the best resolution for the bank. Early in March, a judge ruled against the bank’s attempt to stop the insurer’s restructuring of its business. Just this week brought another ruling against B of A, this time regarding repurchasing loans it securitized — indicating that it may be required to do so, whether or not the loans are defaulting.

In my opinion, settling up and clearing the decks of yet another problem caused by toxic Countrywide mortgages will not only enhance the bank’s tarnished reputation, but will also free up time and energy to pursue other, more important goals this year.

The article 3 Things Bank of America Must Do Before Next Year originally appeared on Fool.com is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, JPMorgan Chase, and Wells Fargo.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2