Bank of America to pay $39 million to settle customer claims over low interest rates on cash reut.rs/4AH2UiN
reut.rs
Bank of America to pay $39 million to settle customer claims over low interest rates on cash
Bank of America's Merrill Lynch unit will pay $39 million to settle a class action claiming it paid brokerage customers near-zero interest rates instead of market rates on idle cash in their retirement accounts.