Bank of America has saved over $1 billion 2016-05-25 09:47:08

Bank of America has avoided a major penalty payment. After years of litigation, the US Court of Appeals has cancelled the fine of $1.27 billion. Earlier, one of the departments of Bank of America was accused of financial fraud with mortgage loans and securities. The company’s guilt has not been proven. Bank of America was able to restore its reputation, which has had a positive impact on the share price.

The shares of Bank of America have grown by 1.45% and continue to rise. Do not miss this good chance to earn money on the asset’s further increase. Remember, that trading will be available during the American session, from 14:40 to 21:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.