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Sunday, June 8, 2014

Bank of America is in talks to pay at least $12B

To settle mortgage-related probes from the Department of Justice and various states. The DOJ was previously reported to be seeking more than $13B from BofA (BAC) over its mortgage lending - generally over loans tied to Countrywide and Merrill Lynch. The bank has already reached a $9.5B settlement with the Federal Housing Finance Agency.

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