Bank of America agrees to $17B settlement


USAToday. The settlement is the largest in history between the federal government and a single company.

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USAToday. The settlement is the largest in history between the federal government and a single company.

The tentative deal is expected to include billions to the Department of Justice and several states, with billions more going to reduce mortgage payments for struggling homeowners and other consumer relief.

Shares of the nation’s second-largest bank, (BAC), closed up fractionally at $15.52 Wednesday, and were up an additional 5 cents in after-market trading.

 

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