B Of A Nixes AIG Bid On MBS Settlement

28 Jun 2013

Bank of America has rejected a bid by American International Group to renegotiate a $8.5 billion settlement with investors in mortgage-backed securities, as the insurer feels the agreed-upon amount was only a fraction of what they lost.

Bank of America has rejected a bid by American International Group to renegotiate a $8.5 billion settlement with investors in mortgage-backed securities, as the insurer feels the agreed-upon amount was only a fraction of what they lost.

Click here to read the story from Reuters.

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