Morning Scan: B of A Settlement Blues; Mortgage Collapse

Receiving Wide Coverage ... B of A is the New JPM: So, Bank of America really is the new JPMorgan Chase, at least when it comes to legal settlements. Federal prosecutors want to extract several pounds of flesh from B of A, namely several billion dollars to settle an investigation into mortgage-backed securities, Bloomberg and the New York Times report. The two reports vary wildly in terms of how much B of A would have toÂ...