Bank of America back in court over $2.1 billion fraud penalties

Bank of America back in court over $2.1 billion fraud penaltiesNEW YORK (Reuters) – A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit. In a second hearing on the penalties to be imposed on the bank, U.S.

Embedly Powered