Bofa Near $8.5 Billion Settlement On Securities: Report

NEW YORK (Reuters) - Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

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  • Allstate, BofA settle $700 million mortgage securities suit
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  • Bank of America Newsroom
    Welcome to the Bank of America newsroom. Learn more about the bank, our executives, and the latest Bank of America news, announcements and initiatives.
    04/13/2014 - 4:07 pm | View Website
  • Bank of America
    The Bank of America Corporation is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
    04/13/2014 - 10:31 am | View Website
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