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Friday, December 13, 2013

Takeover Digest- New York Times business news - Dec 13, (NYSE: BAC)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * The United States Treasury called on Thursday for a greater federal role in the regulation of insurance, particularly in areas like mortgage insurance, the collection and use of personal data to set prices, and the use of secretive entities known as captives to keep risks off the books of insurers. ()* The fallout from the bursting of the housing bubble continues to plague Wall Street. Bank of America agreed on Thursday to pay the Securities and Exchange Commission a $131.8 million penalty to settle an investigation linked to the structuring and sale of two complex mortgage securities that its Merrill Lynch division sold to investors. ()

Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC remained unchanged at $15.25. In the past year, the shares have traded as low as $10.52 and as high as $15.98. On average, 94268200 shares of BAC exchange hands on a given day and today's volume is recorded at 76113936.