$16.B BofA fine is government extortion: Kovacevich By: CNBC.com News August 21, 2014 at 07:55 AM EDT A $16.5 billion-plus settlement by Bank of America over crisis-era policies represents government extortion, former banker Dick Kovacevich says. Read More >> Related Stocks: Bank of America JPMorgan Chase & Co ML DEPOSITOR PREFERREDPLUS 8.375 CITIZENS COMMUN CERT. CZN-1 Wells Fargo