EconomyBank of America to pay $39 million to settle claims over near-zero cash rates
Bank of America’s Merrill Lynch unit will pay $39 million to resolve a class action alleging that brokerage customers received near-zero interest on idle cash in retirement accounts instead of market rates.
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Reuters★★☆☆☆2026-09-30 23:35Original
Bank of America to pay $39 million to settle claims over near-zero cash rates
Economy