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October 19, 2010

09:43 • 2 years ago

Financial reform bill puts Bank of America in the red this quarter

Tags: bank of america banking dodd-frank act financial industry financial reform Permalink

$7.3 billion in quarterly losses for Bank of America

$10.4
billion the size of the company’s one-time charge the company will take due to fees caused by the Dodd-Frank financial reform act
$3.1
billion the size of the company’s net income otherwise, which beat estimates; they plan to be more transparent about fees in the future source

Adapted from Tumblr Related Posts by Dom Claxton

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