Business: Litigation expenses push Bank of America into lossSource: Reuters
April 16, 2014 at 9:00 AM
- Last modified: April 16, 2014 at 9:41 AM
(Reuters) - Bank of America Corp posted a first-quarter loss on Wednesday as it set aside an extra $6 billion to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.