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Loan Modification

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Bank of America estimates litigation cost up to $1.4 billion

By Moe Bedard

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Bank of America Corp (BAC.N) projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators. The bank said its potential losses could range from $250 million to $1.4 billion for some, but not all, of the outstanding litigation involving [...]

Full post as published by Loan Modification & Home Loan News on August 09, 2010 (boomark / email).

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