California AG in billion-dollar settlement with bank
November 19th, 2009
California Attorney General Edmund Brown said he has reached a billion-dollar settlement with a major bank over securities fraud charges.
Brown said in an advisory he will hold a news conference at 1 p.m. eastern time. He did not name the bank.
The settlement is expected to recoup hundreds of millions of dollars for California investors, the advisory said cash loans with bad credit.
(Reporting by Ciara Linnane; Editing by James Dalgleish)
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