Showing posts with label US banking sector. Show all posts
Showing posts with label US banking sector. Show all posts

Friday, 7 November 2014

Bank of America adjusts results due to legal costs

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