BofA, Goldman among banks facing $16 billion in fines

BofA, Goldman among banks facing $16 billion in finesNEW YORK (MarketWatch) – The settlements of lawsuits so far with major banks pave the way for some $16 billion in additional penalties to be paid by banks including Bank of America and Goldman Sachs Group over mortgage securities sold to government-seized housing giants Fannie Mae and Freddie Mac.

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