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'Bank of America is still dealing with mortgages' bank of america

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Bank of America is still dealing with mortgages

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07/23/11 06:18

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Bank of America is still dealing with mortgages

We have thought the problems with property mortgages in 2008 have already subsided, Bank of America, the largest bank in the country in terms of assets, is still being shaken by it effects.~~

The bank is still spending billions of dollars for settling mortgage bond investors and insurers for their claims. The bank also reported a $8.83 billion quarterly loss which is the largest in their lifetime.

More details about this, on the link below.

Link: Bad Mortgages Still Haunt Bank of America - BusinessWee

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