BofA bolsters compliance after $10.7 billion error (Reuters)

Reuters – Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

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BofA bolsters compliance after $10.7 billion error (Reuters)

Reuters – Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

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BofA bolsters compliance after $10.7 billion error (Reuters)

Reuters – Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

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BofA bolsters compliance after $10.7 billion error (Reuters)

Reuters – Bank of America Corp is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales, according to a letter filed on Friday with U.S. securities regulators.

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Asset sales wouldn’t disrupt markets: Fed’s Plosser (Reuters)

An auction sign for a property is seen at the front garden of a foreclosed house in Miami Gardens, Florida in this September 15, 2009 file photo. REUTERS/Carlos Barria/FilesReuters – U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday.

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Barclays sells US mortgage collection operation (AP)

AP – Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

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Barclays sells US mortgage collection operation (AP)

AP – Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

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Barclays sells US mortgage collection operation (AP)

AP – Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

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Barclays sells US mortgage collection operation (AP)

AP – Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

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Barclays sells US mortgage collection operation (AP)

AP – Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

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