BankAmerica Corp. has reached an agreement to settle a lawsuit against the accounting firm of KPMG Peat Marwick, the last litigation remaining from student-loan defaults of the late 1980s.

Details of the settlement are confidential and are still being worked out, a BankAmerica spokesman said Monday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.