AP Source: BofA Agrees To Pay $16-$17B In US Deal

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AP Source: BofA Agrees To Pay $16-$17B In US Deal

by Wochit 0:30 mins

AP Source: BofA Agrees To Pay $16-$17B In US Deal

by Wochit 0:30 mins

Bank of America has agreed to pay between $16 billion and $17 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis. The deal with the bank would be the largest Justice Department settlement by far arising from the economic meltdown. It follows earlier agreements with Citigroup and JPMorgan.

Wochit

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