Bank of America (BoA) said today, it has reached an agreement to resolve nearly all of the claims regarding to legacy countrywide issued first-lien residential mortgage-backed securitization repurchase exposure representing 530 trusts with original balance of $US424b. Bank of America says it will set aside $US14b to settle claims for angry investors for losses on dodgy mortgaged-backed securities whose collapsed triggered the 2008 financial crisis.

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