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Bank of America

The Bank of America reached a $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. (AP Photo/Matt Rourke, File)
The Bank of America reached a $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. (AP Photo/Matt Rourke, File)
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Justice Dept. announces $17B settlement with Bank of America

WASHINGTON (AP) -- The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.

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Bank of America
Justin Sullivan, Getty Images
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Bank of America Settlement Approved

A New York judge has approved the $8.5 billion Bank of America settlement over investor losses from mortgage-backed securities, concluding that trustee Bank of New York Mellon acted reasonably in most regards.

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