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 $450m settlement with the Securities and Exchange Commission (SEC), following allegations that the bank failed to safeguard client accounts. The settlement, which would mark one of the largest for the SEC, is expected to be announced later this week.