BOC weighs legal options against US court ruling

Lender slapped with daily fines of $50,000 for withholding client account information

Bank of China Ltd is seeking to appeal against a United States court order that imposes $50,000 daily fine on it for withholding information, its legal advisers said on Wednesday.

The State-owned lender was held in contempt by a US court for refusing to provide account details of Chinese customers accused of selling counterfeit luxury goods. The US court said the daily fines would be imposed from next Tuesday, unless BOC complies with the subpoena request for client information.