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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > News > Banking and Finance > Investors oppose Bank of America’s $8.5B settlement
Investors oppose Bank of America’s $8.5B settlement
A group of investors is opposing a proposed $8.5 billion settlement that Charlotte-based Bank of America Corp. reached last week.
The settlement was designed to resolve claims by investors that the bank sold bonds based on substandard mortgages. The bank reached the settlement to appease investors who want the bank to buy back defective Countywide Financial loans ...
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