BofA said to near mortgage accord for as much as $17 billion

By: Tom Schoenberg Bloomberg News August 7, 2014

Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, a person familiar with the matter said.

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BofA said to near mortgage accord for as much as $17 billion

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