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Member Since: 5/2006Last Seen: 12/22/2009

Bank of America in talks to buy Countrywide

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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, people familiar with the matter said on Thursday.

The companies did not immediately return several requests for comment.

It was not clear how quickly a merger might take place, but it could occur soon, The Wall Street Journal said, citing two people familiar with the matter. The newspaper earlier reported a possible merger...

 

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