Bank of America Corporation ("BAC") (NYSE: BAC) has issued and outstanding certain floating or fixed-to-floating rate debt securities, listed in Annexes 1, 2 and 3 to this press release for which the Canadian dollar Bankers' Acceptance Rate ("CDOR"), which is also known as the Canadian Dollar Offered Rate, for an index maturity of three months ("Three-Month CDOR") serves as the base rate used or to be used in calculating or determining applicable interest payments (the "CDOR Securities"). On May
Regulators found weaknesses in "living wills" submitted by four of the country’s largest banks detailing how the lenders would wind themselves down if something catastrophic were to happen.
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