A New York state judge ruled against summary judgment, so the battle between Bank of America (NYSE: BAC ) and MBIA (NYSE: MBI ) will continue. The dispute centers around which company is liable for losses stemming from mortgage-backed securities containing loans originated by Countrywide, the embattled mortgage company B of A ultimately acquired.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer give their takes on what it means for investors in these companies and who may have the upper hand during settlement talks.
Any steam left?
Bank of America's stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it's critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool's premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer, Financials bureau chief, lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.
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