Bank of America paid $16.65 billion in historic mortgage securities fraud settlement
Company: Bank of America Corporation
Summary
Bank of America agreed to a $16.65 billion federal and state settlement resolving claims concerning the packaging, origination, marketing and sale of residential mortgage-backed securities and related conduct by Bank of America and acquired entities including Countrywide and Merrill Lynch. Source: https://www.justice.gov/archives/opa/pr/bank-america-pay-1665-billion-historic-justice-department-settlement-financial-fraud-leading