Bank of America has again made itself conspicuous in the media - TopicsExpress

Bank of America has again made itself conspicuous in the media with a new announcement of a settlement of a case regarding misconduct during the recent housing crisis. Bank of America took on these liabilities when it acquired Merrill Lynch in 2008 after the investment suffered a whopping $52.2 billion in mortgage write-downs and losses. Now, Bank of America is having to take the financial hit for actions Merrill took when it was an independent company.

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