Deal with insurer aimed at resolving legal dispute rather than growing revenues.
Bank of America lawyers appear to have the wind at their briefcases now as they try to wrap up the remainder of the bank's mortgage mess.
A $1.6 billion legal settlement goes to MBIA, as Bank of America takes a 4.9% stake at a big discount.
Obstacles to resolving key mortgage backed securities litigation are melting away.
The servicer modified 24,000 mortgages during the quarter.
Management did a poor job of explaining what appear to have been minor issues.
Shares of the pre-paid debit card provider were surging after it beat estimates and upped revenue guidance for 2013.
The ultimate outcome will depend on Congress or the courts, meaning any truly big payoff will take a long while.
Payday, or 'deposit advance' loans, are a big legal liability and don't contribute greatly to profits, Moody's argues.
Big share gains for investor Peltz, though Evercore has done better.