Bank of America Reaches Tentative $75 Million Settlement in Excessive Fees Case, Reuters Reports
* Bank of America Corp. has reached a tentative $75 million
settlement over excessive fees, Reuters reported.
* Reuters reported that a preliminary settlement of the proposed
class action was filed on Wednesday in federal court.
* The bank denied wrongdoing as part of the settlement proposal,
which is subject to judge's approval, Reuters said, adding that a
bank spokesman declined to comment on Friday.
(END) Dow Jones Newswires
May 14, 2021 16:24 ET (20:24 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.