M&T Bank agrees to pay $64M to settle claims...

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M&T Bank Corp. has agreed to pay $64 million to the U.S. government to settle claims that the bank did not follow certain guidelines related to federally-insured home loans. Announced Friday by the U.S. Department of Justice, the settlement puts an end to a federal investigation into allegations that Buffalo, N.Y.-based M&T (NYSE: MTB) did not comply with certain origination, underwriting and quality control policies required for Federal Housing Administration mortgages. According to DOJ, M&T admitted…