BofA to pay for false statements
China Daily | Updated: 2009-08-05 07:51
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Analysts expect the SEC decision to put more pressure on Bank of America Chairman Kenneth Lewis. Bloomberg News |
NEW YORK: Bank of America Corp has agreed to pay $33 million to settle charges by the US Securities and Exchange Commission that it made false and misleading statements to investors about bonuses when it took over Merrill Lynch & Co.
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