Bank of America to settle with Advanta for $63.8 million

Bank of America Corp. agreed to pay Advanta Corp. $63.8 million to settle litigation regarding FleetBoston Financial Corp. The payment reimburses Advanta, which was ordered by a judge to pay FleetBoston $63.7 million earlier this year to compensate for overpaying for a credit-card unit. The agreement is subject to the Internal Revenue Service's final approval,…

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