BofA Settlement: Bank of America Corp., the biggest U.S. bank, agreed to pay $8.5 billion to resolve claims over soured mortgages after bondholders demanded refunds, Bloomberg reports.
Arlington Probe: The Justice Department is investigating the mishandling of remains at Arlington National Cemetery in a broad criminal inquiry that is also seeking evidence of possible contracting fraud and falsification of records, according to the Washington Post.
Madoff Judge Speaks: In perhaps the most stunning and widely discussed sentencing in the history of American white-collar crime, Judge Denny Chin imposed a term of 150 years on Bernard Madoff. Two years later, his recollections resurrect all the anger, shock and confusion that surrounded Mr. Madoff’s crimes, and provide a rare peek at the excruciating pressure faced by a judge who had to balance the law, the public’s emotions and his own deeply held beliefs while meting out a sentence that was just and satisfied the court’s need to send a message, The New York Times reports.
Loughner in Court: A hearing is set for Wednesday to challenge a decision to forcibly medicate Arizona shooting suspect Jared Lee Loughner in a federal prison hospital, CNN reports.
Bogged Down: Advanced talks have bogged down on a multibillion-dollar deal between Switzerland and the United States over Swiss banks helping Americans to shield their money from the U.S. taxman, Reuters reports.