Bank Of America Takes Significant 1q Loss

Allissa Kline, Biz Journals
Wed, 04/16/2014 - 7:46am

Bank of America Corp. reported a first-quarter net loss of $276 million due to mounting litigation expenses tied to the company’s ongoing mortgage issues. On Wednesday, the parent of Bank of America N.A. – the fifth-largest bank in Western New York based on deposits — said it incurred $6 billion in legal costs for the period ending March 31.

Topics: corp on wednesday bank america n.a western new york march the america loss billion period

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Bank Of America Takes Significant 1q Loss

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