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