1. Bank of America Settles on Mortgage Securities
... an agreement to pay $8.5 billion to settle claims by investors that purchased mortgage securities that went awry when the housing market took a turn for the worst. This deal could potentially be the single biggest settlement after the economic crisis that began in 2008 (Schwartz). "I think this is huge," said Michael Mayo, a bank analyst with Credit Agricole in New York. "It's about ... ...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate