Bank of America Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bank of America

BAC 54.26

-0.5%

Dec 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Sr K	11/6/2014 6:41:19 PM
	Read Replies (1) of 4366

bloomberg.com Bank of America's Surprise Profit Is Wiped Out Amid Currency Probes By Hugh Son Nov 6, 2014 5:44 PM ET Bank of America Corp. cut third-quarter earnings by $400 million, wiping out the surprise profit it reported last month, on higher litigation costs tied to probes of the firm’s foreign-exchange business. The lender posted a loss of $232 million, or 4 cents a share, in the three months ended Sept. 30, it said today in a statement. U.S. regulators, in documents sent to the bank late last month, faulted systems and controls in Bank of America’s currency-trading business and called for fines and remedial actions, the firm said in a separate filing.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next