Can’t blame them, it worked for JP Morgan’s Dimon as we’re well aware!

Brian Moynihan may be taking a play out of Jamie Dimon’s book.

Representatives of Bank of America Corp have asked U.S. Attorney General Eric Holder to meet with Moynihan, its chief executive officer, in an attempt to resolve differences over a possible multibillion-dollar settlement involving shoddy mortgage securities sold by the second-largest U.S. bank and its units, according to people familiar with the negotiations.

Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.

Bank of America spokesman Lawrence Grayson and Justice Department spokeswoman Dena Iverson declined to comment.

[REUTERS]

Comments

comments