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BofA, Citi Facing More Than $375B In MBS Suits

By Eric Hornbeck (November 8, 2010, 8:22 AM EST) -- Bank of America Corp. revealed Friday that it's facing multiple lawsuits over misstatements or omissions the troubled bank allegedly made when issuing $375 billion in mortgage-backed securities, while fellow banking behemoth Citigroup Inc. said it's also facing at least five investor lawsuits over billions more of the securities....

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