Reporter - Tom McNamara

Aug 6, 2014 11:30 PM

Bank of America to pay up to $17-billion over mortgage mess

New York - Bank of America tentatively agreed to pay between $16 billion and $17 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis, a person directly familiar with the matter said Wednesday. The deal with the bank, which must still be finalized, would be the largest Justice Department settlement by far arising from the economic meltdown.

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