January 11, 2008

BofA to pay $4.1B to buy Countrywide (AP)

People enter the Bank of America corporate headquarters in Charlotte, N.C. on Friday, Jan. 11, 2008.  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 biggest mortgage lender and expands the financial services empire of the nation's largest consumer bank.  (AP Photo/Nell Redmond)AP – Bank of America said Friday it will buy Countrywide Financial for $4.1 billion in stock, a deal that rescues the country’s biggest mortgage lender and expands the financial services empire of the nation’s largest consumer bank.

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