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Message: U.S. banks offered deal over lawsuits

U.S. banks offered deal over lawsuits

Proposal to limit part of their legal liability in return for a multibillion-dollar payment

Shahien Nasiripour

Financial Times

07:08 EDT Tuesday, September 06, 2011

New York — Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that is proposed to limit part of their legal liability in return for a multibillion-dollar payment.

TSource: http://fairshare.attributor.com/guardian/sourcedetails?key=e755462f2c48543543e05449f9b867f9

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