Federal Judge Orders Bank of America to Pay $540 Million in FDIC Dispute Over Deposit Insurance
In a major legal development, a federal judge has ordered Bank of America to pay $540.3 million in a long-running FDIC dispute with the Federal Deposit Insurance Corporation (FDIC). The ruling, issued by U.S. District Judge Loren AliKhan in Washington, D.C., resolves part of a lawsuit that dates back to 2017, when the FDIC accused …
