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Financial Crisis

World news about “Financial Crisis” published by euronews.

07/08 07:46 CET

Bank of America to pay up in record damages deal

Bank of America to pay up in record damages deal

Bank of America and the US Justice Department have reached a landmark deal to resolve allegations of mortgage misconduct in the run-up to the financial crisis. The bank is to pay between $16bn and $17bn. The agreement will set a record for damages in a civil settlement between…