When Terry Laughlin, Chief Risk Officer for Bank of America, noted that negotiations between the bank and 22 investor groups back in 2011 were “tense,” he wasn’t kidding. He noted that the investors were “aggressive” and endeavoring to get the highest settlement — up to $16 billion. That talks were contentious shouldn’t surprise anyone — after all, the two parties were literally on completely different sides of the table.
via The Conflicting Testimony That Could Sink Bank of America.
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