Ex-BofA employees among 6 banned by Fed over Covid loan fraud
The Federal Reserve banned the former bank employees for fraudulently obtaining loans designed to provide economic relief to small businesses during the pandemic.
The Federal Reserve banned six former bank employees, including two previously at Bank of America Corp.’s wealth management unit, from the industry for fraudulently obtaining loans designed to provide economic relief to small businesses during the pandemic.
On Tuesday, the Fed announced the pen
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