Bank of America claimed its company's intent was not to avoid any payments to the Federal Deposit Insurance Corporation. Bank of America faces a $540 million bill after a federal judge ordered the ...

(Reuters) - A federal judge ordered Bank of America to pay $540.3 million in a long-running Federal Deposit Insurance Corporation lawsuit accusing the second-largest U.S. bank of underpaying what ...

The Federal Deposit Insurance Corporation (FDIC), which protects ... That insurance helps protect customers in case of a bank failure, building public confidence in the banking system and reducing ...