Banking

May 2, 2014

Bank Watch roundup: BofA cuts range of possible loss

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.

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