On Wednesday, the No. 2 U.S. bank reported it
took a $6 billion charge to cover litigation expenses, a figure
that far exceeded the legal settlements the bank has announced
The sources did not say whether Bank of America and the
government have discussed a specific settlement amount to
resolve the Merrill probe.
The investigation stems from a government task force the Obama
administration created in early 2012 to probe the sale of shoddy
home loans repackaged for investors.
(Reporting by Aruna Viswanatha;
editing by David Gregorio)
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