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BofA Deal Shows Pragmatism At Work On Both Sides

By Stephanie Russell-Kraft ( August 21, 2014, 8:10 PM EDT) -- Bank of America Corp.'s $16.65 billion global settlement over its alleged faulty lending practices in the run-up to the financial crisis may have made bigger waves than recent payouts by JPMorgan Chase & Co. and Citigroup Inc., but attorneys say the deal still represents the best possible outcome for the bank and for federal prosecutors, who can now put their resources elsewhere....

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