BofA Said to Near $17B Mortgage-Probe Settlement

Aug. 7 (Bloomberg) -- Bank of America is nearing a $16 billion to $17 billion record settlement with the U.S. Justice Department to end probes into sales of mortgage-backed bonds that fueled the financial crisis, according to a person familiar with the matter. Bloomberg Contributing Editor Bill Cohan weighs in on “Market Makers.” (Source: Bloomberg)

Bill Gross Reacts to Fed Rate Decision, Policy Statement
27:14 - Bill Gross, the billionaire who manages funds for Janus Capital, comments on the Fed’s decision to leave interest rates unchanged while saying risks to the U.S. economy have subsided and the labor market is getting tighter. He speaks with Bloomberg’s Tom Keene on "Bloomberg Markets." (Source: Bloomberg)
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