Bank of America to buy Countrywide for $4 billion
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Bank of America Corp said on Friday it would buy mortgage lender Countrywide Financial Corp for $4 billion in a move that could avert one of the biggest collapses in the U.S. housing crisis.
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Bank of America Corp, the  second-largest U.S. bank, is in advanced talks to buy  Countrywide Financial Corp, the largest U.S. mortgage lender, a  person familiar with the matter said on Thursday.
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Bank of America Corp. said Friday it has agreed to buy Countrywide Financial for $4 billion in stock, a deal that both rescues the country's largest mortgage lender and expands the financial services empire of the nation's largest consumer bank
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Bank of America Corp. , the No. 3 U.S. bank, on Tuesday said fourth-quarter profit rose 41 percent, helped by growth in consumer banking fees and its purchase of FleetBoston Financial Corp.
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Bank of America Corp.'s $3.3 billion acquisition of U.S. Trust Corp. is a significant addition to the firm's Boston-based Global Wealth &amp; Investment Management unit, but don't expect the deal to yield new jobs here anytime soon.
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U.S. stocks ended higher on Thursday following news Bank of America  is in advanced talks to buy struggling mortgage lender Countrywide Financial Corp .
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Bank of America agrees to acquire struggling mortgage firm Countrywide Financial, which has been hit by the credit crisis.
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Bank of America Corp is in advanced talks to buy struggling Countrywide Financial Corp, the largest U.S. mortgage lender, several people familiar with the matter said on Thursday.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a $421.9 million fourth-quarter loss on Tuesday, hurt by mounting defaults in a sinking housing market.
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Bank of America Corp.  said on Monday it completed its $3.3 billion purchase of the U.S. Trust business from Charles Schwab Corp. , and is defying analyst concern that it would have trouble retaining many of U.S. Trust's ultra-wealthy clients.
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Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , on Tuesday posted a fourth-quarter loss, hurt by mounting defaults in a sinking housing market.
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Bank of America Corp  is in advanced talks to buy struggling Countrywide Financial Corp , the largest U.S. mortgage lender, several people familiar with the matter said on Thursday.
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Bank of America Corp, the second-largest U.S. bank, is in advanced talks to buy Countrywide Financial Corp, the largest U.S. mortgage lender, a person familiar with the matter said on Thursday.
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Stocks rose on Thursday after a Wall Street Journal report that Bank of America  is in talks to buy mortgage lender Countrywide Financial Corp  sent financial stocks higher.
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Stronger financial institutions are purchasing weaker ones. Case in point: Bank of America has announced it will purchase Countrywide Financial.
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Countrywide Financial Corp ,  the largest U.S. mortgage lender, on Tuesday offered to  refinance or restructure up to $16 billion of adjustable-rate  mortgages through the end of 2008.
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The fourth-largest U.S. bank said it benefited from the acquisition of Golden West Financial Corp. and higher loans.