Bank of America Takes $400 Million Hit Over Currency Probe

Bank of America Corp (NYSE:BAC) said Thursday it is taking a $400 million charge in the third quarter, as the second-largest U.S. lender braced for the end of probes into foreign exchange dealings. In a statement, the Charlotte, North Carolina-based bank said its quarterly report on Form 10-Q will reflect the adjustment. Bank of America: Regulators faulted systems and controls Last month, Bank of America Corp (NYSE:BAC) unveiled its third-quarter results, posting losses of 1 cent per share on $21.4 billion in revenue, against analysts’ expectation of loss of 9 cents per share on $21.33 billion in revenue. The bank’s…