Bank of America

Investor's Business Daily

Bank of America (BAC) and Citigroup (C)failed to comply with some provisions of a settlement to improve mortgage practices, according to Joseph Smith, who monitors the agreement for the gov't. BofA failed to file accurate documents in bankruptcy proceedings and Citi's mortgage unit failed to notify borrowers of missing docs within 30 days of a request, Smith said in a report. BofA shares fell 0.2%.

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