Bank of China (BoC) has settled with more than half of customers hurt by losses in a crude oil-linked product after a historic oil price slide into negative territory, two sources with direct knowledge of the matter said.China’s fourth-largest bank last week offered to shoulder all losses from the fall into negative territory and compensate up to 20% of investors’ original investment, Reuters reported. The deal will lead to a total 6-7 billion yuan ($1.84 billion) hit for BoC if all loss-recording investors settle. The offer came after the bank said in late April it had settled trades for its crude oil futures ... (full story)