It has been over two years since Bank of America (NYSE:BAC) initially agreed to fork over $8.5 billion in a settlement with Bank of New York Mellon, which served as trustee for a host of private investors like AIG (NYSE:AIG) and Goldman Sachs. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the final stages of the approval process and what it could mean for Bank of America and AIG.
David Hanson owns shares of Goldman Sachs and American International Group. Matt Koppenheffer owns shares of Goldman Sachs, Bank of America, and American International Group. The Motley Fool recommends American International Group, Bank of America, BlackRock, and Goldman Sachs. The Motley Fool owns shares of American International Group and Bank of America and has the following options: long January 2016 $30 calls on American International Group. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.