Receive Breaking News updates as they occur
The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers' funds, a person close to the matter said Tuesday. The person, who spoke on condition of anonymity to AFP, said the trades took place in Merrill Lynch, bought by BofA in 2009 amid the financial crisis. The Wall Street Journal on Tuesday was the first to report on the SEC investigation of Bank of America, the second-largest US bank by assets, for trading that occurred between 2009 and mid-2012. Bank of America said it was cooperating fully with the inquiry.
SARAJEVO, Bosnia-Herzegovina (AP) — The killing of a policeman by a Muslim gunman prompted Bosnian Serb leaders on Tuesday to renew calls for independence from the federation forged in a U.S.-brokered peace deal in 1995. That's dangerous talk in the Balkans, whose economically depressed states are rife with ethnic rivalries and border disputes that could explode at any moment.