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BAC Bank of America Corporation

37.6532
0.4032 (1.08%)
After Hours
Last Updated: 23:48:56
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.4032 1.08% 37.6532 37.79 37.36 37.66 28,410,300 23:48:56

BofA to Pay $180 Million to Settle Private Forex Lawsuit

29/04/2015 10:20pm

Dow Jones News


Bank of America (NYSE:BAC)
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Bank of America Corp. has agreed to pay $180 million to settle a lawsuit by private investors who accused the bank and others of manipulating foreign-exchange rates.

The bank made the disclosure in a regulatory filing Wednesday. It said that the cost of settling the lawsuit would be covered by existing reserves.

Some other banks have already agreed to settle the lawsuit, including J.P. Morgan Chase & Co. and UBS AG. J.P. Morgan agreed to pay $99.5 million, and UBS agreed to pay $135 million.

Write to Christina Rexrode at christina.rexrode@wsj.com

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