Bank of America Corp. is expected to pay nearly $17 billion to settle U.S. Department of Justice accusations it packaged shoddy mortgages into securities and sold them to investors in the run-up to the financial crisis, according to a person familiar with the negotiations.
Source: http://blogs.wsj.com/law/2014/08/20/bank-of-america-to-pay-17-billion-in-justice-department-settlement/?mod=WSJBlog
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