or login to your SBJ.net account
Forgot your password or username?
Search only accepts letters and numbers.
Bank of America sued by FDIC
1/10/2017 7:48 AM
Tell a friend
The Federal Deposit Insurance Corp. filed suit yesterday against Bank of America.
The government agency alleges Bank of America owes $542 million to the regulator's deposit insurance fund.
The suit claims Bank of America underreported a key risk metric by tens of billions of dollars during the final three quarters of 2013 and all of 2014. The FDIC alleges that move allowed Bank of America to appear less risky than it actually was and avoid paying fees to the FDIC.
Read more from
Please fill out the form below to submit a comment. Your comments may be used in Springfield Business Journal’s print editions, along with your username and/or registered name.
Message is a required field.
Captcha entry is not valid, please try again.
A comment must be approved by our staff before it will displayed on the website.
SEARCH SPONSORED BY
Wine bar to open downtown
Gummy bear giant to build first North American plant
3rd new retail tire shop underway in Springfield
Mexico ready to 'step away from NAFTA'
House Republicans postpone health care bill vote
2017 40 Under 40 Honorees
CoxHealth, White Water hiring
Nixa warns ballot initiative could threaten revenues
Trump University students file to get their money back
2017 40 Under 40 Yearbook
Opinion/Letters to the Editor
© 2017 Springfield Business Journal, Springfield, Missouri. All Rights Reserved. To contact SBJ, call (417) 831-3238.