Bank of America profit falls 21% amid wealth-management dip
Net income drops to $4.23bn from $5.13bn year-on-year as firm takes accounting charge
Net income drops to $4.23bn from $5.13bn year-on-year as firm takes accounting charge
Third-quarter revenue at Bank of America down 2.4%, but beats estimates
Lender had been accused of selling flawed mortgage securities in run up to financial crisis
Revenue improved in many of the bank’s major businesses, but the results were overshadowed by its bigger-than-expected legal costs
Court recently found bank liable for fraud over defective mortgages sold by its Countrywide unit
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