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BofA near $8.5 billion settlement on securities

By: Yossel in BRKB | Recommend this post (0)
Wed, 29 Jun 11 2:20 PM | 24 view(s)
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BofA near $8.5 billion settlement on securities

CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday.

Joe Rauch and Maria Aspan

CHARLOTTE, N.C./NEW YORK
Tue Jun 28, 2011 9:38pm EDT

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http://www.reuters.com/article/2011/06/29/us-bankofamerica-mortgages-idUSTRE75R7I420110629




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