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Bank of America Agrees Record $16.7 billion Mortgage Settlement

Bank of America agrees to pay a record $16.7bn for misleading investors over the quality of mortgages and Russia's consumer watchdog announces checks on McDonald's restaurants.

Bank of America has agreed to pay a record $16.7bn for misleading investors over the quality of mortgages it sold. The loans were sold by Countrywide Financial and Merrill Lynch before Bank of America bought them in 2008, at the height of the financial crisis.

Russia's consumer watchdog has announced unscheduled checks on McDonald's restaurants across the country. The move is part of an investigation into food standards and comes after the watchdog temporarily shut four McDonald's restaurants in Moscow.

Also on the programme, in less than a months' time, the people of Scotland will vote on whether to remain part of the United Kingdom. Polls suggest the biggest group who remain undecided are women, so we hear how supporters of independence have been trying to win the female vote.

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28 minutes

Last on

Thu 21 Aug 2014 16:32GMT


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