Monday, February 28, 2011

BofA says foreclosure probe may add expense – Reuters

CHARLOTTE, North Carolina | Fri Feb 25, 2011 6:05pm EST
CHARLOTTE, North Carolina (Reuters) – Bank of America Corp (BAC.N) said the wide-ranging probe into banks’ foreclosure problems could lead to “significant” legal costs in 2011, according to the bank’s annual report filed on Friday with U.S. securities regulators.
The largest U.S. bank by assets said it could not predict the outcome of the various investigations now being conducted by state and federal

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