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$16.65 Billion Mortgage Deal Nears for Bank of America.
- Source :
-
New York Times . 8/21/2014, Vol. 163 Issue 56600, pB1-B4. 2p. 1 Color Photograph, 1 Black and White Photograph. - Publication Year :
- 2014
-
Abstract
- The article discusses a settlement between the U.S. Justice Department and Bank of America regarding the bank's sale of mortgage-backed securities leading up to the 2008-2009 global financial crisis. Topics addressed include the preparation of a separate lawsuit against Angelo Mozilo, the former chief executive of financial services firm Countrywide Financial; the settlement negotiation process; and Bank of America's agreement to pay a $16.65 billion fine.
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 163
- Issue :
- 56600
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 97561141