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US Government Sues Bank Of America

Wednesday, August 7, 2013 - 7:11 AMBank of America - Details
The US is suing Bank of America for investor fraud over the sale of $850m worth of residential mortgage-backed securities.

The lawsuits are the latest legal headache for the second-largest US bank, which has already agreed to pay in excess of $45bn to settle disputes stemming from the 2008 financial crisis.

US government sues Bank of America | Business | theguardian.com
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