Bank of America was fined $17bn last week for selling flawed mortgages
Bank of America Merrill Lynch has been fined for the second
time in less than a week as the Commodity Futures Trading
Commission punished the US bank for overcharging clients for
The US regulator said late on Tuesday it has required
Merrill Lynch to pay a civil monetary penalty of $1.2m and
cease from violating a clause that requires regulated firms to
supervise their processing of exchange and clearing fees.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.