Bank Prepares $800M Losses
This is a news story, published by The Daily Hodl, that relates primarily to BofA news.
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Consumer Financial Protection BureauThe Daily Hodl
•Bank of America says it faces up to $800 million in losses due to ongoing regulatory investigations
73% Informative
Bank of America says it faces a “reasonably possible and estimable” loss of up to $800 million due to ongoing regulatory issues.
Investigators are reportedly probing BofA , along with JPMorgan Chase and Wells Fargo to determine whether the banks are properly reimbursing victims of fraud on the Zelle payments network.
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