Economy

Demeter

(85,373 posts)

3. BofA in Talks to Pay At Least $12 Billion to Settle Probes

Fri Jun 6, 2014, 05:31 PM

Jun 2014

http://www.huffingtonpost.com/2014/06/05/bofa-in-talks-to-pay-at-l_n_5455703.html?utm_hp_ref=business&ir=Business

Bank of America Corp. is in talks to pay at least $12 billion to settle probes by the Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, according to people familiar with the negotiations.

BofA in Talks to Pay At Least $12 Billion to Settle Probes
At Least $5 Billion Expected to Go to Consumer Relief
By Devlin Barrett, Dan Fitzpatrick and Christina Rexrode

http://online.wsj.com/news/article_email/bofa-in-talks-to-pay-at-least-12-billion-to-settle-probes-1402006948-lMyQjAxMTA0MDAwNTEwNDUyWj

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Weekend Economists Mark D Day, 2014 June 6-8, 2014 [View all] Demeter Jun 2014 OP

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BofA in Talks to Pay At Least $12 Billion to Settle Probes Demeter Jun 2014 #3

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