We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Federal Reserve Lifts Two-Year Order On BofA

Law360 (February 28, 2007, 12:00 AM EST) -- The Federal Reserve Board announced Tuesday that it had lifted an enforcement order against Bank of America Corp., two years after the bank paid $375 million to settle claims of improper trading.

The Federal Reserve gave no reason for terminating the action, but a spokesman for the Office of the Comptroller of the Currency said the OCC dropped a similar order Tuesday because the agency was satisfied the Bank of America had lived up to its promises.

OCC spokesman Kevin Mukri said the bank had entered...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.