Bank of America Settles S.E.C. Case on $4 Billion Accounting Error by MICHAEL CORKERY

By MICHAEL CORKERY

The bank agreed to pay $7.65 million to settle federal charges that it violated record keeping and internal rules in overstating the capital cushion that regulators require the bank to hold.

Published: September 29, 2014 at 4:00AM

from NYT Business Day http://dealbook.nytimes.com/2014/09/29/bank-of-america-settles-s-e-c-case-on-4-billion-accounting-error/

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