BofA to pay $2.43 billion to settle misconduct claims in Merrill Lynch takeover

Last week Bank of America announced it’s speeding up its downsizing and will lay off 16,000 workers by year’s end. Today, as the late Paul Harvey used to say . . . the rest of the story. The bank has agreed to pay $2.43 billion—with a b—to settle a shareholder lawsuit growing from its alleged misconduct in the bank’s 2008 buyout of Merrill Lynch. Reuters