Actionable news
0
All posts from Actionable news
Actionable news in BAC: BANK OF AMERICA CORPORATION,

Wall Street's Oil Bankers Setting Aside More Cash for Losses

Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%Progress: 0%Stream TypeLIVERemaining Time -0:00Playback Rate1Chapters
  • Chapters
Subtitles
  • subtitles off
Captions
  • captions settings
  • captions off
Fullscreen

This is a modal window.

No compatible source was found for this video. Foreground --- --- Background --- --- Window --- --- Font Size 50% Text Edge Style None Font Family Default Defaults Done Advertisement
Bank of America Profit Tumbles 13% as Trading Slumps

The Wall Street bankers that backed the biggest oil boom in U.S. history are paying a price for the bust.

Lenders including JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp. are setting aside more money to cover potential loan losses after crude prices fell 61 percent in less than two years. Bank of America added $525 million to its oil...


More