Bank of America

Bank of America Corp In Record $17 Billion Settlement

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.  exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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