WASHINGTON (Reuters) - Bank of America Corp
On Wednesday, the No. 2 U.S. bank reported it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the bank has announced recently.
The sources did not say whether Bank of America and the government have discussed a specific settlement amount to resolve the Merrill probe.
The investigation stems from a government task force the Obama administration created in early 2012 to probe the sale of shoddy home loans repackaged for investors.
(Reporting by Aruna Viswanatha; Editing by David Gregorio)