5 years back Friday, Financial away from The usa established it absolutely was purchasing one of your country’s prominent mortgage lenders. Bank authorities thought the deal to purchase Nationwide Monetary create concrete Set of America’s put at the top of the economic financial organization. However it did not churn out like that.

5 years ago today, Lender away from The united states established it absolutely was purchasing the troubled subprime home loan financial Countrywide Monetary for $forty billion. [Read more…]