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(Image from article: "BofA near $8.5 billion settlement on securities: report")

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BofA near $8.5 billion settlement on securities: report

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from investors that lost money on mortgage-backed securities, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

JPMorgan to Pay $153.6M to Settle Fraud Charges

Investors who were misled into purchasing complex mortgage securities just before the housing market collapsed will receive all their money back.

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Goldman Sachs e-mails show bank sought to profit from housing downturn

A Senate investigation into the financial crisis has found that Goldman Sachs, the storied Wall Street investment bank, sought to profit from the historic decline in housing prices by betting against the US mortgage market.

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