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Banks’ $128B settlement tab is twice last year’s profits

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Bank of America, which bought subprime loan leader Countrywide Financial in 2008, has paid more to regulators for mortgage misdeeds than all the other big banks combined, the latest tally shows. CEO Brian Moynihan’s bank has paid north of $70 billion for credit and mortgage-related settlements since 2010, more than half of the roughly $128...

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