NEW YORK (CNNMoney.com) — Bank of America said late Wednesday it planned to return the entire $45 billion in bailout money it received from the government over the past year.The move would allow Bank of America, the nation’s largest lender, to wriggle free from a variety of government restrictions it has had to abide by, including pay caps for its top executives.
It could also smooth what has been a difficult search for a new chief executive.
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