August 20, 2014 3:20 PM

Bank of America agrees to pay $17 billion, the largest settlement yet in the mortgage securities collapse

The bank reportedly will pay $10 billion in cash and provide consumer relief valued at $7 billion. The deal follows agreements in the last year with Citigroup for $7 billion and with JPMorgan Chase & Co. for $13 billion.

Related content

Suggested for you



Editor's Choice Videos