Practice - Regulatory/Compliance
U.S. Said to Ask BofA for More Than $13B Over RMBS
by: Tom Schoenberg and Hugh Son
Friday, April 25, 2014
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(Bloomberg) -- U.S. prosecutors are seeking more than $13 billion from Bank of America to resolve federal and state investigations of the lenderís sale of bonds backed by home loans in the run-up to the 2008 financial crisis, according to people familiar with the matter.

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