Bank of America Corp. has asked a court to dismiss suits brought by BNP Paribas Mortgage Corp. and Deutsche Bank AG over their losses on investments in asset-backed commercial paper.

The Charlotte banking company sought the dismissals in a filing in New York federal court late last week. The unit of Paris-based BNP Paribas and Frankfurt-based Deutsche Bank sued separately in November, saying they had lost $1.6 billion, in all, on asset-backed notes.

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