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Home / News / Banking and Finance / AP source: BofA nears $16-$17B settlement with US (access required)

AP source: BofA nears $16-$17B settlement with US (access required)

WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday. The deal with the bank, which must still be finalized, would be the largest Justice Department settlement by far ...

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