1. Bank of America Settles on Mortgage Securities
... this deal would cause in the beginning of the next fiscal year, Bank of America is finalizing 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 time the ... to normal standards (Schwartz). Sheila C. Bair, the chairwoman of the Federal Deposit Insurance...
- Word Count: 793
- Approx Pages: 3
- Has Bibliography
- Grade Level: Undergraduate