Shares in MBIA Inc. (NYSE:MBI) were some of the biggest movers on the market today after the announcement of a settlement between the company and Bank of America Corp (NYSE:BAC) in a case concerning the financial crisis and losses suffered on mortgage loans. The settlement will see Bank of America Corp (NYSE:BAC) pay MBIA Inc. (NYSE:MBI) $1.6 billion and in return the bank will take a 5 percent share of the insurer. The reports of the settlement comes from Dow Jones. The agency did not name sources but said the information came from people close to the matter. Under the terms of…
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