Bank of America Could Face More Than $12 Billion Costs

The second largest bank in the US faces multiple government investigations into its alleged handling of residential mortgage bonds before the financial crisis.

The second largest bank in the US faces multiple government investigations into its alleged handling of residential mortgage bonds before the financial crisis. The Bank may end up with costs of over $12 billion, possibly as much as $18 billion, including payments to help households with payments, according to the Wall Street Journal. Read the full story.

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