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Feds order Bank of America to pay a $30 million penalty

Reuters logo Reuters 9/19/2018 Doina Chiacu

U.S. regulators on Wednesday ordered Bank of America to pay a $30 million civil penalty for what they called attempted manipulation of the swaps and derivatives benchmark.

The Commodity Futures Trading Commission said in a statement 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, a leading global benchmark.

Bank of America did not immediately respond to requests for comment.

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