Bank of America

Bank of America Corp (BAC) Near Record Settlement With DOJ

Bank of America Corp (NYSE:BAC) is said to be nearing a $16 billion to $17 billion settlement with the Justice Department to resolve allegations of mortgage-related misconduct in the run-up to the financial crisis.

The Wall Street Journal cites people familiar with the matter who say that Bank of America Corp (NYSE:BAC) agreed to the outlines of a deal after a night-time phone call on July 30 between the bank’s chief executive officer . . .


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