With Bank of America Corp.'s $16.7 billion settlement over the marketing and sale of subprime residential mortgage-backed securities, prosecutors closed out the largest remaining government enforcement actions stemming from the financial crisis.
August 25, 2014 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
With Bank of America Corp.’s $16.7 billion settlement over the marketing and sale of subprime residential mortgage-backed securities, prosecutors closed out the largest remaining government enforcement actions stemming from the financial crisis.
The development promises to affect a number of Wall Street firms that have derived enormous revenues from the investigations and litigation.
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