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Justice Dept seeks $13b BoA settlement
Bank of America has been asked to pay US$13b to settle allegations relating to the sale of mortgage bonds.
Bank of America has been asked to pay US$13b to settle mortgage bond sale allegations. Popartic
Discussions are at an early stage. While CNBC News has said that the settlement could exceed US$10b - a source told Reuters that the $13b figure reported elsewhere is not currently under discussion. Whatever the sum is, it will be over and above the $9.5 settlement agreed with the Federal Housing Finance Agency. Source: Reuters
