By Christina Rexrode
Bank of America Corp. has agreed to pay $180 million to settle a
lawsuit by private investors who accused the bank and others of
manipulating foreign-exchange rates.
The bank made the disclosure in a regulatory filing Wednesday.
It said that the cost of settling the lawsuit would be covered by
existing reserves.
Some other banks have already agreed to settle the lawsuit,
including J.P. Morgan Chase & Co. and UBS AG. J.P. Morgan
agreed to pay $99.5 million, and UBS agreed to pay $135
million.
Write to Christina Rexrode at christina.rexrode@wsj.com
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