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Stories for March 28th 2014

• Friday, March 28th 2014 - 06:26 UTC

  Bank of America agrees to pay 9.5bn to settle charges from US housing collapse

  

  Bank of America agreed to pay 9.5bn to settle charges it misled US mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008. The bank will pay 6.3bn in cash and buy back 3.2bn in mortgage securities.

• Friday, March 28th 2014 - 06:22 UTC

  Argentine economy expands 3%, thus saving 3.5bn in payments to bonds tied to GDP

  

  Argentina's National Institute of Statistics and Census, Indec, announced that the country's GDP grew by 3% across the last calendar year, dropping short of the figure necessary to service bonds linked to the nation's economic activity.

• Friday, March 28th 2014 - 06:15 UTC

  Obama praises Francis and invites him to the US; Vatican points out some differences

  

  President Barack Obama and Pope Francis focused publicly on their mutual respect and shared concern for the poor on Thursday during their meeting in the Vatican, but the lengthy private discussion also highlighted the deep differences between the White House and the Catholic Church on abortion and birth control.