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BANKOFAMERICA-SETTLEMENT/
RTR439I6
August 21, 2014
A Bank Of America ATM is pictured in the Manhattan borough of New York August 21, 2014. Bank of America...
New York, UNITED STATES
A Bank Of America ATM is pictured in the Manhattan borough of New York
A Bank Of America ATM is pictured in the Manhattan borough of New York August 21, 2014. Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the U.S. Department of Justice calls for the second-largest U.S. bank to pay a $9.65 billion cash penalty, and provide $7 billion of consumer relief to struggling homeowners and communities. REUTERS/Carlo Allegri (UNITED STATES - Tags: CRIME LAW BUSINESS POLITICS)
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