Bank of America (BAC), DOJ Settlement Talks Have Stalled: Report

The New York Times reports that talks between Bank of America (BAC) and the U.S. Justice Department have stalled after the bank’s latest offer — more than $12 billion to settle several federal and state civil investigations for its role in defrauding MBS buyers by misleading them about the quality of the loans involved — […] View the full post at: Bank of America (BAC), DOJ Settlement Talks Have Stalled: Report Related posts: BofA in Advanced Talks to Acquire Merrill Lynch Bank of America to Loan An Additional $5B to Small Businesses By 2010 Oppenheimer: Bank of America Needs to Raise $36.6 bln in Capital