Name: 887952782 / News Footage / Apr 16, 2014
Uploaded: 2014-04-16
Channel: AFP

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887952782 / News Footage / Apr 16, 2014

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Bank of America reports loss on huge legal charges The legal legacy of the housing bust weighed on Bank of America earnings Wednesday, resulting in a quarterly loss even as some operating units posted solid results. The US banking giant lost $276 million for the first quarter, with the biggest drag coming from $6 billion to settle a pile of lawsuits dealing mostly with BofA's sale of mortgage-backed securities. STOCK SHOTS

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