Bank Of America's Mortgage Business 'struggling Mightily,' Ceo Says

CHARLOTTE, North Carolina (Joe Rauch) - Bank of America Corp (BAC.N) is working to improve profits by reducing its number of problem mortgages and cutting other costs, Chief Executive Brian Moynihan told shareholders on Wednesday.Moynihan, speaking at the company's annual meeting in downtown Charlotte, said the mortgage business of the largest U.S.

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