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Banks Drop Countrywide Suits Over More than $2B In RMBS

By Sindhu Sundar (October 24, 2012, 11:37 PM EDT) -- A California judge on Friday agreed to toss certain suits against Countrywide Financial Corp. and related entities, including parent Bank of America Corp., in which European banks and investors accused them of fraudulently overstating the quality of more than $2 billion in residential mortgage-backed securities....

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