Bank of America

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Bank of America nears record RMBS settlement 

Aug 06, 2014By

Bank of America Corp. and the Justice Department are close to a record deal in which the bank will pay between $16 billion and $17 billion to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis, according to The Wall Street Journal. If so, it is by far the largest deal of its kind yet seen.

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