Bank Of America Loses $9.1 Billion In Quarter, Thanks To Investors Settlement

Bank Of America Loses $9.1 Billion In Quarter, Thanks To Investors Settlement

Bank of America had a rough second quarter, winding up $9.1 billion in the red, mostly caused by the $8.5 billion settlement it had to pay out to 22 investment groups over mucked up securities. The bank has paid out $12.7 billion in settlements this year. [More]