Bank of America (BAC) sued by U.S. for $1 billion over alleged mortgage fraud
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U.S. District Attorney Sues BofA (BAC) for $1B Over Alleged 'Roboloan' Scheme
October 24, 2012 12:32 PM EDTBank of America (NYSE: BAC) shares are bouncing back from an initial sell-off on word that a new $1 billion suit was filed against the institution over alleged mortgage fraud.
The U.S. Attorney in Manhattan brought a $1 billion case against BofA,... More
