Brian Moynihan

Bank of America (NYSE:BAC) Weighed Down by Countrywide Acquisition

Bank of America (NYSE:BAC) continues to be held back by their acquisition of Countrywide, which brought with it huge exposure to the home loan market. That has resulted in another quarterly loss for the financial giant, which lost $1.2 billion for the quarter.Bad home loans were by far the major loss for the bank in the reporting period. The loss was driven by a $2 billion writedown related to

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