Bank of America pays $16.5 bn to settle financial fraud case (10)

EFE Spain 2014.08.21 20:28
EFE | Washington The U.S. Justice Department on Thursday announced a settlement with Bank of America Corp. that calls for the country's No. 2 bank to pay $16.5 billion for misleading investors into buying risky mortgage-backed securities. The penalty is equivalent to Bank of America's total profit over the past three years. U.S.
SETTLEMENT, MORTGAGE, BANK, AMERICA, RELIEF, BORROWER, Chase, Moynihan, Obama, USA