Bank of America recently reported that 2014 second-quarter earnings were impacted adversely by $4 billion in litigation costs crimping earnings by 22 cents a share. Almost all of these expenses were related to existing mortgage issues that had been previously disclosed, according to B of A.
BLAWG BONUS: "A billion here, a billion there, and pretty soon, you’re talking real money.” Did the late Senator Everett Dirksen ever really say that? Click here to find out.