Bank of America has offered $13 billion to settle a
probe into mortgage securities sold by the bank, the Wall Street Journal
reported, citing people familiar with the matter.
The bank met U.S. Justice Department representatives on Tuesday, but
no progress was made toward a final deal, the paper reported.
Bank of America had previously offered about $12 billion to settle
the matter, including a portion to help struggling homeowners, while the
Justice Department had suggested a $17 billion settlement, sources told
Reuters earlier this month.
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