AP) A $1.3bn penalty against Bank of America has been discounted after the Second Circuit of the US Court of Appeals found the bank cannot be held liable for the suspected intentional breach of contract. The decision is a victory for shareholders who have argued that BofA's actions were not only illegal but also "unconscionable".
A $1.3bn penalty against Bank of America has been discounted after the Second Circuit of the US Court of Appeals found the bank cannot be held liable for the suspected intentional breach of contract. The decision is a victory for shareholders who have argued that BofA's actions were not only illegal but also "unconscionable".