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August 06, 2014 AT 5:06 PM
Aug. 6 (Bloomberg) -- Bank of America is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, a person familiar with the matter said. Phil Mattingly reports on "Street Smart." (Source: Bloomberg)