Bofa Near $8.5 Billion Settlement On Securities: Report

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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    Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina.
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