Bank of America agrees to record $17bn settlement over mortgage fraud

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;">America’s second largest lender has reached a $16.65 billion settlement with US federal authorities for selling toxic mortgages misleading investors, the Justice Department said Thursday.</span></div> <div style="line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><em style="margin: 0px; padding: 0px; vertical-align: baseline;">“This historic resolution - the largest such settlement on record - goes far beyond ‘the cost of doing business,’”</em> Attorney General Eric Holder said in a<a href="http://www.justice.gov/opa/pr/2014/August/14-ag-884.html" style="-webkit-transition: color 0.5s, text-decoration 0.5s; margin: 0px; outline: none; padding: 0px; text-decoration: none; transition: color 0.5s, text-decoration 0.5s; vertical-align: baseline;" target="_blank">statement</a> posted on the US Justice Department website on Thursday.</span><br> <img src="http://i.guim.co.uk/static/w-620/h--/q-95/sys-images/Guardian/Pix/audio/video/2013/1/7/1357574507208/Bank-of-America-011.jpg"></div> <div style="line-height: 1.4em; margin-bottom: 15px; padding: 0px; vertical-align: baseline;"> </div> </div>

Bank of America agrees to record $17bn settlement over mortgage fraud

America’s second largest lender has reached a $16.65 billion settlement with US federal authorities for selling toxic mortgages misleading...

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Bank Of America Warns "The US Dollar Is In Trouble"

<script type="text/javascript"> ( function() { if (window.CHITIKA === undefined) { window.CHITIKA = { 'units' : [] }; }; var unit = {"publisher":"milevski21","width":550,"height":250,"sid":"Chitika Default"}; var placement_id = window.CHITIKA.units.length; window.CHITIKA.units.push(unit); document.write('<div id="chitikaAdBlock-' + placement_id + '"></div>'); var s = document.createElement('script'); s.type = 'text/javascript'; s.src = '//cdn.chitika.net/getads.js'; try { document.getElementsByTagName('head')[0].appendChild(s); } catch(e) { document.write(s.outerHTML); } }()); </script> <span style="background-color: white; font-family: Arial, Helvetica, sans-serif;"><br><br>Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML's Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note futures turning bullish back on Dec-26. Currently, the FX market - most specifically GBP - is breaking out and pressuring the US Dollar. Finally, the Japanese stock market continues to suffer, putting downward pressure on USDJPY and thus US Dollar weakness.<br><br><br><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXmbKScjiK46u-NZfnu50McuUiq4WvO9IEfYDyjTo8gVW47bU6RijDEJ9KsdAALpsvcmc9BHbDVu5jWMLyone3lemjcP2UH0oZ0Mm46do1lIX2eqw5sYBbNrusjxUwimsT5huMeY4nPyr_/s1600/20140116_baml1_0+copy.jpg"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhXmbKScjiK46u-NZfnu50McuUiq4WvO9IEfYDyjTo8gVW47bU6RijDEJ9KsdAALpsvcmc9BHbDVu5jWMLyone3lemjcP2UH0oZ0Mm46do1lIX2eqw5sYBbNrusjxUwimsT5huMeY4nPyr_/s1600/20140116_baml1_0+copy.jpg"></a></span>

Bank Of America Warns "The US Dollar Is In Trouble"

Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML's Macneil Curry. Across...

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