Bank of America's 10 Biggest and Most Expensive Blunders
Since the onset of the financial crisis, Bank of America has spent more than any other bank (perhaps more than any other single company over a similar time span) on legal expenses and settlement costs.
At last count, CEO Brian Moynihan pegged the figure at $42 billion -- though, this almost certainly understates the financial and reputational damage done to the Charlotte-based bank. With this in mind, the following presentation lays out the bank's 10 biggest legal blunders since 2008, including deals with Goldman Sachs , MBIA , and both Fannie Mae and Freddie Mac.
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The article Bank of America's 10 Biggest and Most Expensive Blunders originally appeared on Fool.com.John Maxfield owns shares of Bank of America. The Motley Fool recommends Bank of America and Goldman Sachs. The Motley Fool owns shares of Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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