DOJ Seeking More Than $13B From Bank of America – BAC

The U.S. Department of Justice is asking Bank of America (BAC) to pay more than $13 billion to settle federal and state litigations related to the lender’s improper mortgage-bond underwriting practices that took place during the 2008 financial crisis, Bloomberg News reports. Sources familiar with that matter told the publication on Thursday that negotiations between […] View the full post at: DOJ Seeking More Than $13B From Bank of America – BAC Related posts: Bank Of America Raises A Slug Of Money Bob McCann Settles with Bank of America Bank of America Cuts Goldman on Federal Probe