Bank of America has settled a pair of financial crisis-era lawsuits filed by Deutsche Bank and BNP Paribas over who should be responsible for losses tied to the multibillion-dollar fraud at disgraced mortgage lender Taylor Bean & Whitaker Mortgage Corp.

Deutsche Bank's and BNP Paribas's mortgage units were investors in notes issued by Taylor Bean's Ocala Funding unit, a mortgage conduit. The two banks sued Bank of America, which acted as middleman between the investors and Ocala, for $1.75 billion in 2009 over their losses on the notes.