Secret penalty for Bank Of America?

Secret face regulatory sanctions against Bank of America Corp, reported The Wall Street Journal, referring to sources familiar with the situation.
Under the imposed restriction, management of the bank is facing problems in improving the liquidity and risk management.
According to sources the task was assigned in early May, immediately after the shareholders of the bank down from the post Kenneth Lewis Chairman of the Board of Directors.
The penalty has the form of a Memorandum of Understanding and is regarded as one of the most serious shares to Bank Of America. According to press the bank is facing a series of important dates, one of which expires by the end of July and the second set by regulatory authorities in America, occurs in August.

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Finance