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BofA Software Glitch Affects Thousands

Bloomberg News

BANKING

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Bank of America Corp. said a software glitch posted incorrect amounts to the accounts of thousands of Florida and Tennessee customers.

The bank said it fixed the problem, which began early Friday. Overdraft fees caused by the error will be reimbursed, a spokeswoman said.

BofA shares fell 26 cents to $63.10 on the NYSE.

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