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Bank of America reaches $17bn settlement

Bank of America is expected to pay almost $17 billion to settle US Department of Justice accusations that it packaged shoddy mortgages into securities and sold them to investors in the run-up to the financial crisis. http://online.wsj.com/articles/bank-of-america-reaches-17-billion-settlement-1408560100?mod=WSJ_hp_LEFTWhatsNewsCollection

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