U.S. Regulators Order Bank of America to Pay $30 Million Penalty

On Wednesday U.S. regulators ordered Bank of America ‘BAC.N’ to pay a $30 million civil penalty for what it called attempted manipulation of the swaps and derivatives benchmark.

According to a statement made by the Commodity Futures Trading Commission said that Bank of America from January 2007 through December 2012 made false reports and attempted to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix ‘USD ISDAFIX’, a leading global benchmark.

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