News Summary: Bank of America leads banks up
News Summary: Bank of America and MBIA surge; Standard & Poor's 500 index ekes out gain
RECAP: Bank of America led a rally in big-bank stocks on a mostly quiet Monday. Stock indexes ended little changed following a record-setting run last week.
IT'S SETTLED: Bank of America and MBIA, a bond-insurance company, reached a settlement over a long-running dispute stemming from the real-estate bubble. BofA will pay $1.7 billion to MBIA and extend the troubled company a credit line. MBIA soared 45 percent, while BofA gained 5 percent.
FINAL SCORE: The Dow Jones industrial average slipped five points to close at 14,968. The Standard & Poor's 500 index rose three points to 1,617.
