Bank of America And DOJ: What Can We Learn from JPMorgan’s Experience?

Editor’s note: This article was authored before Bank of America Corp (NYSE:BAC) announced adjustments to Capital Ratios. More information on that announcement can be found here. Pressure for Bank of America Corp (NYSE:BAC) to settle its liabilities from mortgage-backed securities (MBS) sold before the financial crisis is growing, and based on what JPMorgan Chase & Co. (NYSE:JPM) had to agree to last November some people think the settlement could cross $10 billion. But crudely extrapolating from the amount of MBS each bank issued might overstate the final result. Bank of America has already settled with some agencies First, JPMorgan Chase &…