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Stock Market News

German regulator fines Bank of America $5.3 million for reporting delays

08/11/2022

Less than a minute

2022.08.11 17:18

German regulator fines Bank of America $5.3 million for reporting delays
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo

FRANKFURT (Reuters) – Germany’s financial market regulator BaFin said on Thursday that it had fined Bank of America (NYSE:BAC) 5.1 million euros ($5.28 million) for delays in reporting voting rights notifications.

A spokesperson for the bank wasn’t able to immediately comment on the matter.

($1 = 0.9666 euros)

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08/11/2022

Less than a minute