AP source: Bank of America nears $16B-$17B settlement with US over sale of securities

  • by: ERIC TUCKER , Associated Press
  • Updated: August 6, 2014 - 9:35 PM

WASHINGTON — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.

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