Bank of America Corp., the largest U.S. lender, may face a further $27 billion of housing-related losses between now and 2013 amid increasing regulation as the economic recovery slows, analysts at Sanford C. Bernstein said. The losses would be in addition to the $46 billion the Charlotte, North Carolina-based lender has already recorded, analysts led by John E. McDonald wrote in a note to clients Monday.
0 minute readBofA may post added $27B in housing losses, Sanford Bernstein says
June 13, 2011, 3:38pm
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
