Bloomberg News
Lawyers for Bank of America won a recommendation from a U.S. magistrate judge in North Carolina to drop a Department of Justice case related to a sale of mortgage-backed securities.

DOJ to Continue Big-Bank Suits Despite B of A Decision

A U.S. magistrate judge in North Carolina dealt a blow to government efforts to use the 1980s-era Financial Institutions Reform, Recovery, and Enforcement Act to penalize big banks, but many experts say the decision which is not binding may just be a temporary glitch.

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