NEW YORK (Reuters) - Bank of America Corp has rejected a bid to re-open negotiations into its proposed $8.5 billion settlement with investors in mortgage securities, indicating it plans to take its chances that a New York judge will approve the deal.
American International Group Inc and the Federal Home Loan Banks of Boston, Chicago and Indianapolis, which object to the settlement, sent a letter to Bank of New York Mellon Corp, the trustee overseeing the securities.
The letter, which was filed in New York State Supreme Court on Thursday, requested immediate settlement discussions.
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