California AG in billion-dollar settlement with bank
NEW YORK |
NEW YORK (Reuters) - 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.
(Reporting by Ciara Linnane; Editing by James Dalgleish)
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