BofA, FDIC Given Interest Rates for $540 Million Judgment (2)

NodeGuardian · 2026-04-09T09:13:07+00:00

A federal judge directed Bank of America to calculate pre- and post-judgment interest on a $540 million payment to the FDIC, using regulatory and statutory rates, following a judgment for underpaid deposit insurance.

NodeGuardian

2026-04-09 09:13:07

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A federal judge has provided instructions for Bank of America Corp. to calculate pre- and post-judgment interest on a $540 million payment to the Federal Deposit Insurance Corp. The pre-judgment interest will use a “regulatory rate” from FDIC guidance, while the post-judgment interest will be based on a “statutory rate” for civil cases. This ruling follows a previous $540 million judgment against Bank of America won by the FDIC last April for underpaid deposit insurance.

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