Countrywide May Still End Up In Bankruptcy

11 Jun 2013

Terrence Laughlin, chief risk office of Bank of America, testified before a New York state court hearing the bank could still put its Country Financial unit into bankruptcy if the court does not approve $8.5 billion settlement with mortgage investors.

Terrence Laughlin, chief risk office of Bank of America, testified before a New York state court hearing the bank could still put its Countrywide Financial unit into bankruptcy if the court does not approve $8.5 billion settlement with mortgage investors.

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