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Bank of America to pay record penalty for banking misconduct

Bank of America has agreed to pay more than $16.6 billion in penalties and consumer relief, in response to allegations of impropriety in the run-up to the 2008 financial crisis. Holder says the penalty 'constitutes the largest civil settlement with a

http://www.wbir.com/video/3742054973001/1/Bank-of-America-to-pay-record-penalty-for-banking-misconduct http://cdn.newslook.com/aa/aa8828fd435199fff10e1dc4655b39e4/images/frame_ext.jpg Bank of America to pay record penalty for banking misconduct Bank of America has agreed to pay more than $16.6 billion in penalties and consumer relief, in response to allegations of impropriety in the run-up to the 2008 financial crisis. Holder says the penalty 'constitutes the largest civil settlement with a dcBank of AmericaWashingtonamericaInc.usBACMDEric HolderMerrill Lynch & Co.newslookUnited States of AmericaWorldBrian Moynihan 01:24

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