Bank of America reports $276m loss and $6bn legal hit

Bank of America has posted a $276m (£165m) loss for January to March. Its results included $6bn in legal expenses to settle allegations that it misled mortgage lenders Fannie Mae and Freddie Mac before the housing crisis in 2008, as well as for other mortgage-related matters. via Pocket http://ift.tt/1ioZpSc