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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.

Fugitive ex-Comverse CEO to pay $54 million

Jacob "Kobi" Alexander, the fugitive former chief executive of Comverse Technology Inc, agreed to pay nearly $54 million to resolve civil litigation brought by the U.S. government over the backdating of stock options, court papers show.

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