Bank of America Re-Remics Reduce Mortgage Debt as Basel Capital Rules Loom
Bank of America Corp. , seeking to reduce risk and meet new capital standards, upgraded billions of dollars of distressed mortgage bonds by repackaging them into new securities using a variation of a Wall Street technique that failed during the credit crisis.
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Orignal From: Bank of America Re-Remics Reduce Mortgage Debt as Basel Capital Rules Loom
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