Bank of America is set to pay more than half a billion dollars after a district judge found the lender massively underpaid ...

The FDIC had claimed in its lawsuit over deposit insurance that Bank of America had “unjustly enriched itself at the FDIC’s ...

The ruling comes after the Federal Deposit Insurance Corporation lawsuit accused the mega U.S. bank of failing to pay the ...

Says asset quality “remains sound.” Does not expect much change in net charge-offs near-term. Says could see net charge-offs decline in Q2. Says “healthy” investment banking pipeline. Says clients ...

Back in 2017, the FDIC accused Bank of America of refusing to pay over $500 million in assessments — a figure it later ...

Bank of America (BAC), the second-largest U.S. bank, has been ordered to pay $540.3 million to the Federal Deposit Insurance ...

Bank of America must pay over half a billion dollars to the Federal Deposit Insurance Corp. for underpaying deposit insurance to the agency, a federal judge has ordered in an eight-year-old case.

The order, reached March 31 and published publicly on Monday, arrives over eight years after the Federal Deposit Insurance Corporation sued Bank of America in 2017. “We are pleased the judge has ...