US banks agree $18.5bn settlements in effort to clean up mortgage crisis

Ten US banks announced two huge settlements worth a total of $18.5bn on Monday, in the latest moves to clear up claims relating to the mortgage crisis that foreshadowed the meltdown of the American economy. Bank of America agreed to pay $10bn to Fannie Mae, the national mortgage guarantor, to set…

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US banks agree $18.5bn settlements in effort to clean up mortgage crisis

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