Financial out-of The usa provides offered to shell out accurate documentation $bn to repay costs they offered flawed financial bonds about run-up for the financial crisis, the biggest okay ever before levied by the Us government on one providers.
This morning i demonstrate again you to definitely no place is actually either too-big or as well powerful to escape appropriate enforcement step because of the the fresh new department away from justice. Within Banks loans almost $17bn, which solution with Bank away from The united states is the premier the newest service has actually previously attained which have an individual entity in the American records, user lawyer general Tony West told you on a press conference with the Thursday.