Bank of America settles currency-rigging lawsuit

April 16, 2015 4:03 PM

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Bank of America settles currency-rigging lawsuit

NEW YORK (Reuters) - Bank of America Corp (BAC.N) has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.

The settlement with the second-largest U.S. bank was disclosed on Thursday by Scott & Scott, a law firm for the investors. Terms were not disclosed.

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