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US National Credit Union Administration: Bank of America reaches $165 mln settlement with NCUA over losses from residential mortgage-backed securities

( April 2, 2013, 22:31 GMT | Official Statement) -- MLex Summary: The US National Credit Union Administration announced a settlement with Bank of America and certain subsidiaries for $165 million for losses related to purchases of residential mortgage-backed securities by failed corporate credit unions.Statement follows in full:...

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