Bank of America's $17 Bln Settlement

The bank bearing the biggest legal headache soon to put much of that behind it. Bank of America will pay nearly $17 billion to settle charges it had misled investors over mortgage securities it sold in the run-up to the financial crisis. That's by far the largest penalty slapped against the big banks facing mortgage probes. The bank acquired its mortgage liabilities when it bought Countrywide Financial and Merrill Lynch.

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