The $60 billion question It's been quite a while since institutional investors first took a stand against Bank of America's $8.5 billion settlement over mortgage-backed securities. With American International Group ( AIG -0.43% ) at the helm for the dissenters, the megabank testified as to the appropriateness of the dollar amount for the settlement, as well as Bank of New York Mellon 's ( BK 1.27% ) management of the settlement.