Bank ETFs Lower on Reports of Mortgage Settlement Offer
May 11, 2011 at 15:53 PM EDT
Exchange traded funds tracking the U.S. banking sector were down about 1% on Wednesday on reports Bank of America (NYSE: BAC), J.P. Morgan (NYSE: JPM) and other mortgage services have proposed paying $5 billion to settle an investigation related to foreclosures. Some analysts predict Bank of...
