Bank of America to settle with regulators

Reuters September 5, 2008 at 8:16 AM EDT NEW YORK — — Bank of America Corp., said it is ready to settle federal and state probes into the marketing of auction-rate securities, joining eight other companies that reached deals. The bank said it has been in talks for nearly a month with the U.S. Securities and Exchange Commission and regulators in New York and Massachusetts on a resolution that would provide... [read full story]