Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry shakeout that has rattled global markets. -
By Howard Schneider, Tomoeh Murakami Tse and Dina ElBoghdady
Bank of America to Buy Countrywide for $4B in Stock
Bank of America has agreed to buy troubled Countrywide Financial Corp. for $4 billion, rescuing the nation's largest mortgage lender from possible bankruptcy and adding to a financial industry shakeout that has rattled global markets.-
By Howard Schneider, Tomoeh Murakami Tse and Dina ElBoghdady