Bank Of America In Talks To Settle Probe Into Merrill Lynch MBS Sales

16Apr2014April 16, 2014

Bank Of America In Talks To Settle Probe Into Merrill Lynch MBS Sales

Bank of America Corp (NYSE:BAC) is apparently in talks to end a Department of Justice inquiry into its mortgage backed securities business. The company, which announced its earnings for the first quarter of 2014 this morning, is apparently considering a multi-billion dollar settlement with the US government in order to end the investigation.

According to the report, which initially appeared on Reuters this afternoon, the company has . . .

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The post above is drafted by the collaboration of the ValueWalk Team.

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