Bank
of America has set aside $400m (£253m) due to rising litigation costs
associated with a probe into foreign currency manipulation at the bank.
That
more than tripled the size of its previously-reported third-quarter loss to
$232m from $70m.
The
bank has been engaged in "advanced discussions with certain US banking
regulatory agencies to resolve matters", it said in a statement.
Last
week, Citigroup was also forced to
restate its results.
And
both Deutsche Bank and JP Morgan have said in separate earnings releases that
they have set aside over $1bn each to deal with the same investigation.
On
Monday, JP Morgan further specified that the investigation, being led by the US
Department of Justice, could cost the bank as much as $5.9bn.
BBC
Business
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