The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Today

Hi39° Mostly Sunny

Tonight

Lo23° Partly Cloudy

Thursday

Hi35° Mostly Sunny

Thursday Night

Lo20° Partly Cloudy

Friday

Hi33° Slight Chance Snow Showers

Friday Night

Lo21° Slight Chance Snow Showers then Mostly Cloudy

Saturday

Hi34° Mostly Sunny

Saturday Night

Lo23° Mostly Cloudy

Sunday

Hi33° Slight Chance Snow Showers

Sunday Night

Lo23° Slight Chance Snow Showers

Justice Dept. reaches Bank of America settlement

Send to Kindle
Print This

WASHINGTON, D.C. — The government has reached 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, the Justice Department announced today.

The deal calls for the bank, the second-largest in the U.S., to pay a $5 billion cash penalty and provide billions of dollars of relief to struggling homeowners. Bank of America said its cash payouts will total $9.65 billion.

The settlement is by far…

View my options or Sign in