Industry News

BofA injects $2 billion into Countrywide

Deal gives bank option to buy stock at bargain price
Published on Aug 23, 2007

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by CareyBot

Countrywide Financial Corp., which last week said it had drawn down an $11.5 billion line of credit with 40 of the world’s largest banks, announced Wednesday that it had obtained an additional $2 billion capital infusion from Bank of America ...