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HSBC To Hit Merrill, BofA With $420M Suit Over RMBS Deal

By Daniel Siegal ( May 25, 2016, 10:48 PM EDT) -- HSBC on Tuesday filed a summons in New York state court indicating it will be suing Bank of America, Merrill Lynch and Countrywide for $420 million over claims that the banks fed it mortgage loans to be securitized that they knew were subpar....

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