Updated with Bank of America's comment.NEW YORK ( TheStreet) -- The Federal Deposit Insurance Corp.'s court filing on Monday objecting to Bank of America's ( BAC) $8.5 billion settlement of Countrywide mortgage putback claims, could put the final nail in the coffin for the settlement. The nation's largest bank arrived at the Countrywide settlement in June with a group of institutional investors that included BlackRock ( BLK), MetLife ( MET), subsidiaries of Goldman Sachs ( GS) ING Groep ( ING), and the Federal Home Loan Bank of Atlanta. Bank of New York Mellon ( BK) -- the trustee of the affected mortgage-backed-securities trusts -- has asked a New York judge to approve the settlement in November, according to a Bloomberg Report.
|Bank of America CEO Brian Moynihan|
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