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BofA seeks 'Hustle' re-trial

Bank Of America Corner Signs

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.

BofA said negotiating $12bn settlement

Bank Of America Corner Signs

Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12bn settlement related to the bank's mortgage banking practices, according to a U.S. law enforcement official.

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Bank Of America Corner Signs

BofA seeks 'Hustle' re-trial

Bank of America on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27bn penalty.