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BofA Says $657M Payment To FDIC Should End Premiums Suit

By Katryna Perera ( July 15, 2025, 8:29 PM EDT) -- Bank of America and the FDIC are at odds over how to calculate the prejudgment interest rate on a $540 million payment the bank was ordered to pay in a case over underpaid deposit insurance assessments, with the bank arguing its recent payment of over $657 million satisfies its obligation....

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