Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Bank Of America Ordered To Return $500 Million In Deposits

Wednesday, November 17, 2010 - 5:14 PM
Bank of America wrongly seized $500 million in deposits from one its customers. It's hard to get too mad about it since the customer was Lehman Brothers. From
Bank of America was ordered by a U.S. judge to return $500 million of deposits it seized from Lehman Brothers Holdings shortly after Lehman's record bankruptcy in September 2008.

Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,249