Jan. 3 (Bloomberg) — Bank of America Corp., the biggest U.S. bank by assets, will take a $2 billion impairment charge and a $3 billion provision in the fourth quarter to resolve mortgage-repurchase claims by Freddie Mac and Fannie Mae. Bloomberg’s Erik Schatzker reports. (Source: Bloomberg)
Jan. 3 (Bloomberg) — Bank of America Corp., the biggest U.S. bank by assets, will take a $2 billion impairment charge and a $3 billion provision in the fourth quarter to resolve mortgage-repurchase claims by Freddie Mac and Fannie Mae. Bloomberg’s Erik Schatzker reports. (Source: Bloomberg)