The banks are trying to keep employees from quitting. U. S. Special Operation Forces raided a location inside syria the summer, but foley and other hostages had already been moved. Of our top stories, bank of america is prepared to announce a 17 billion settlement to settle invalid overions investigations the improper sale of mortgage bonds prior to the crash. This will definitely be the biggest. Jpmorgan paid 13 billion late last year. Citigroup paid 7 billion last month. Bank of america is paying the biggest settlement so far based the mortgage related acquisitions. Merrill lynch had a hand in this. Inc. Of america acquired Merrill Lynch in the dark days bank of america acquired Merrill Lynch and the dark days of 2008. Forthey being penalized that now . A lot of it has to do with countrywide, the largest some prime subprime mortgage issuer. Countrywides stock was declining and it looked like it was a good deal of the time. Merrill lynch had a lot of mortgage bonds on its Balance Shee
Its hot in new york today. Melissa its hot around the world. The new warning from the state department coming as china tells the u. S. To stay out of the situation. The chinese even calling out House Speaker nancy pelosi, and Senate Majority leader Mitch Mcconnell. Accusing them of trying to incite chaos. The president dismissing that criticism, saying he cant imagine why anyone would blame the u. S. And another alert for you to watch right now. The dow plunging today as Treasury Bonds send a recession warning to the markets. Look at that, down 636 points. Weak Industrial Production numbers coming out of china, persistent trade tensions also adding to the mix on wall street. Some bad news from retail. But first, with the latest from the state department on this situation in hong kong, rich edson has more. Rich . Good afternoon, melissa. State Department Officials are watching those military maneuvers going on in the region there. Its unclear whether this is a way that build up of Chine