It is quite possible that all of the big banks might be on the agenda for another mortgage-related investigation, courtesy of the U.S. government. While it is interesting that a senior member of the HFSC had to depend upon the mass media to hear of these allegations, both the monitor’s report and the shocking revelations being aired in a courtroom in Boston show that the big banks really have only themselves to blame for being constantly under scrutiny.
The article A New Billion-Dollar Problem for Bank of America? originally appeared on Fool.com is written by Amanda Alix.
Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo (NYSE:WFC). The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo.
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