BofA (BAC) is trying to persuade reluctant government officials to release it from a...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

BofA (BAC) is trying to persuade reluctant government officials to release it from a confidential memorandum of understanding put in place during the financial crisis. The MOU restrains the bank from actions like raising its dividend and subjects it to increased regulatory scrutiny.