BofA Reports $1.24B Fourth-Quarter Loss
January 21, 2011 at 11:47 AM EST
Bank of America Corp. (BAC), the largest U.S. bank by assets, reported a $1.24 bln fourth-quarter loss as costs mounted for refunds, writedowns and litigation tied to faulty mortgages. The loss of 16 cents a share widened from $194 million a year earlier, according to a statement today from the Charlotte, NC-based bank. The lender [...]
