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DOJ intends to file civil charges against BofA

Thursday, 1 Aug 2013 | 5:40 PM ET

The Department of Justice intends to file civil charges against Bank of America, reports CNBC's Kayla Tausche; and "Fast Money" traders debate how to play Michael Kors. Also, JC Penney took a hit on rumored credit problems, with Angela Deering, The Seaport Group.