Bank stocks trade broadly lower (XLF -1.2%) as investors consider the possibility of a...

|About: Bank of America Corporation (BAC)|By:, SA News Editor
Bank stocks trade broadly lower (XLF -1.2%) as investors consider the possibility of a settlement of allegations of improper mortgage servicing practices. Nomura breaks down the banks’ $5B offer and figures that Bank of America (BAC) would pay the biggest chunk of the settlement at $1.5B; Wells Fargo (WFC) would have to pay ~$1.3B, JPMorgan Chase (JPM) $800M, Citigroup (C) $400M.