Bank of America (BAC) to Pay At Least $12B to Settle US Probes, Report

Bank of America (BAC) is in talks to pay at least $12 billion to settle several federal and state probes related to the lender’s improper mortgage-bond underwriting practices that took place before and during the 2008 financial crisis, the Wall Street Journal reports. Sources familiar with that matter told the publication on Thursday that at […] View the full post at: Bank of America (BAC) to Pay At Least $12B to Settle US Probes, Report Related posts: Bank of America Posts a $1B Loss Bank of America to Loan An Additional $5B to Small Businesses By 2010 Banks Paid $32.6B in Bonuses While Receiving $175B in Bailout Funds