1. Bank of America Settles on Mortgage Securities
... . 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 time the industry resolves issues from the financial crisis and focuses more on righting their companies and improving the economy. This is the most significant step since the ... , which were packaged into mortgage bonds at the time. Therefore, a broader group of investors will share in the proceeds, according to the people who were briefed on the proposed settlement....
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate