BofA to pay 7.65 million settle capital overstated claim
The SEC says Bank of America will pay 7.65 million to resolve accusations it overstated capital during Merrill Lynch acquisition valuations in 2009. BofA disclosed the error in April and stressed stress tests overseen by the Fed.
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Microsoft to offer early look at next Windows
Microsoft plans an early preview this week of a new Windows version as CEO Satya Nadella guides a shift to mobile and cloud services. The event targets business users with talks on what's next, while home users will see separate sessions later. The company aims to regain footing after Windows 8’s mixed reception and ongoing PC sales decline.
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Bank ATM fees rise again in Bankrate survey
Bankrate.com finds the average out-of-network ATM fee hit 4.35 per use, with banks charging 2.77 to noncustomers and 1.58 to their own customers. Overdraft fees reached 32.74, the 16th straight record, as lenders adjust to post crisis regulations and raise maintenance thresholds.
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