21 August 2014

Expect a flurry of activity at Bank of America now that it has agreed to pay $16.65 billion to settle with the Justice Department over its role in the sale of mortgage-backed securities, Michael Archer, head of Kurt Salmon's North American Consumer Financial Services practice, told MarketWatch, as changes need to be made to its business model. But in the meantime, Archer added, “The settlement gives relief to investors.”

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