Judge questions BofA's $8.5 billion settlement proposal

09/22/2011 | Wall Street Journal, The · Bloomberg Businessweek · Reuters

A federal judge questioned Bank of New York Mellon's trustee duties in a proposed settlement related to mortgage-backed securities at Bank of America. The banks announced this year that they had come to an agreement on behalf of MBS investors, but some of those investors have criticized the settlement.

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Wall Street Journal, The · Bloomberg Businessweek · Reuters

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