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Bank of America must pay a record amount for mortgage-related claims, but the accord still leaves questions about tax liability and other banks in the government's crosshairs.
August 21 -
Brian Moynihan has been in charge of Bank of America for nearly five years, and he has spent most of that time in lawyer mode, overseeing settlements worth $48 billion. He is generally praised for taking the bank to this point, but now comes the hard part: getting B of A to grow again.
August 21
Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.
The deal, which could be announced next week, would settle claims that the bank sold bad mortgage-backed securities to Fannie Mae and Freddie Mac in the lead up to the financial crisis, the
In 2010, Goldman
The bank is also in the early stages of negotiations with the Justice Department related to its sale of mortgage securities, the report said.
News of the potential deal comes just one day after the Department of Justice announced a
Bloomberg first reported on the settlement talks between Goldman and the FHFA