BofA, FDIC Still Fighting Over Interest on $540 Million Judgment

Bank of America Corp. and a US financial regulator are still haggling over how much interest the bank will have to pay on a $540 million-plus ruling in a long-running dispute over underpaid deposit insurance.

Bank of America this month repaid more than $657 million to the Federal Deposit Insurance Corp. for shortchanging the agency on deposit insurance assessments, according to a joint status report filed Monday in the US District Court for the District of Columbia.

The total payment includes the $540 million assessment imposed by Judge Loren L. AliKhan in March plus nearly $110 million in prejudgment interest