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BofA Strikes $1.84B Deal To Settle Ambac RMBS Litigation

By Jon Hill ( October 7, 2022, 3:04 PM EDT) -- Bank of America Corp. told investors on Friday that it has agreed to pay $1.84 billion to Ambac Assurance Corp. to settle the bond insurer's remaining litigation with the bank over pre-2008 mortgage securitizations....

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