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WBT Top Local News At 9:29 AM EDT

After paying substantial settlements recently, Bank of America sets aside another big chunk of change for future legal expenses. The main reason Bank of America reported a loss of $276 million in the first quarter on Wednesday was because of the cost of legal settlements with the government, including a $9.5 billion settlement with the agency that oversees Fannie Mae and Freddie Mac. read full story


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