In a plea to resolve differences over a possible multibillion-dollar settlement involving shoddy mortgage securities sold by the second-largest U.S. bank and it units, Bank of America (BAC) has asked U.S. Attorney General Eric Holder to meet with its CEO Brian Moynihan, an article in Reuters said.
Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.
Sources said the Justice Department's silence about a meeting between Moynihan and Holder suggested Bank of America's request was premature.
