Bank of America ducks $1.27-billion penalty over 2008 crisis

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<p>‘A US appeals co rt has throw o t a $1.27 billio pe alty ha e ow to Ba k of America for its actio s that le p to a atio wi e fi a cial crisis a ho si g melt ow i 2008.</p>
<p>At a 2013 trial, a j ry co cl e that the Co trywi e Fi a cial Corp, which the ba k bo ght i J ly 2008, committe mail a wire fra i late 2007 a 2008.</p>
<p>Accor i g to the j ry’s ver ict, Ba k of America was liable for fra over a mortgage program ame “H stle” r by the Co trywi e.</p>
<p>The US J stice Departme t claime that the Co trywi e, thro gh H stle, ha sol tho sa s of toxic loa s to gia t gover me t-spo sore mortgage fi a cers.’</p>
<p><a href="http://www.presstv.ir/Detail/2016/05/23/467093/US-Ba k-of-America-eco omy-2008-fi a cial-crisis" target="_bla k">Rea more: Ba k of America cks $1.27-billio pe alty over 2008 crisis</a></p>