BOFA CUTS RANGE OF POSSIBLE LOSS: The Charlotte bank's quarterly filing is out, so here's a couple nuggets from the 10-Q: Bank of America cut its range of possible loss to $5 billion, from $6.1 billion at the end of the year. The figure represents what the bank thinks it could lose above what it's reserved for. The bank set aside another $2.4 billion in teh first quarter.
Also, Bank of America traders again had a perfect quarter, not losing money on any trading day. Last quarter, they lost money on 2 percent of trading days.
Bank of America cut its exposure to Russia by 22 percent as the Ukraine situation plays out, Bloomberg points out.