Bank of America (BAC) Reportedly In $17B Settlement Over Mortgage Bonds

According to The Wall Street Journal, Bank of America (BAC) has reached a record $17 billion settlement with federal and state authorities to resolve claims over the toxic residential mortgage-backed securities the lender issued in the run-up to the 2008 financial crisis. The report says BofA will pay $10 billion in cash and provide consumer […] View the full post at: Bank of America (BAC) Reportedly In $17B Settlement Over Mortgage Bonds Related posts: Bank of America Posts a $1B Loss BofA Agrees in $8 bln Settlement Over Bad Mortgages Oppenheimer: Bank of America Needs to Raise $36.6 bln in Capital