Bank Of America May Face Additional $3-$5B Penalty: Credit Suisse – ValueWalk Premium
US Institutions names in FHFA law suit Bank Of America

Bank Of America May Face Additional $3-$5B Penalty: Credit Suisse

Bank of America Corp (NYSE:BAC) could potentially face an additional penalty related to the DOJ, state AGs and RMBS Working Group investigations, note Credit Suisse analysts.

Moshe Orenbuch and Jill Glaser Shea of Credit Suisse in their research report dated March 27, 2014 note such additional an penalty / fine may not be fully reserved for.
Bank of America’s $9.3 billion settlement with FHFA
On Wednesday,

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