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Bank of America to Pay Out $16 Billion-Plus Record Civil Settlement

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Bank of America (illuminated sign)

U.S. Attorney General Eric Holder and Associate AG Tony West announced that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation—the largest civil settlement with a single entity in American history —to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide Financial Corporation and Merrill Lynch.Click to continue


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