Getting your player ready...
MIAMI — Bank of America on Thursday was granted a temporary restraining order to freeze $1 billion of Colonial BancGroup’s assets, the latest blow to the Alabama bank in its struggle to survive.
Bank of America, of Charlotte, N.C., acted as trustee for parties that provided funding for Colonial’s mortgage business, which is deeply entangled with Taylor, Bean & Whit aker Mortgage Corp., a Florida home-loan provider that ceased most operations last week.
