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$13 billion settlement

Bank of America Discloses 2 New Investigations

“Bank of America said that it was facing two new investigations related to its activities in foreign currency exchange markets and its handling of government-backed mortgages in the United States.”

“The banks said in a securities filing late Tuesday that it was cooperating with both inquiries. Traders at multiple global banks are under investigation over allegations that they manipulated the price of foreign currencies.”