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BoA offers over US$16 billion in federal deal

This would be the biggest settlement in corporate US history

[NEW YORK] After months of lowball offers and heels dug in, it took only 24 hours for Bank of America (BoA) to suddenly cave in to the government, agreeing to the largest single federal settlement in the history of corporate America.

The tentative deal - which people briefed on the matter...

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