* 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.

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(END) Dow Jones Newswires

May 14, 2021 16:24 ET (20:24 GMT)

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