One of the issues: whether the bank used complicated trades and loans to free up billions of dollars in cash for its own uses that it would usually have had to set aside to meet regulatory requirements, people familiar with the inquiry said. Bank of America is reportedly close to a $ 100 m settlement with the Securities and Exchange Commission ( SEC ) , following allegations that the bank failed to monitor client accounts . The settlement , which would be one of the largest for the bank , is expected to be announced later this week .
Bank of America is reportedly close to a $ 100 m settlement with the Securities and Exchange Commission ( SEC ) , following allegations that the bank failed to monitor client accounts . The settlement , which would be one of the largest for the bank , is expected to be announced later this week .