Bank of America Corp In Record $17 Billion SettlementMark Melin
Bank of America Corp (NYSE:BAC) has agreed to a record $17 billion settlement with the US Department of Justice over faulty mortgage derivatives products that led to the 2008 derivatives crash.
Bank of America settlement follows Citigroup and JPMorgan
The reported deal includes $10 billion in fines and $7 billion in consumer relief. Sign up here
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