Biz: Financial reform bill puts Bank of America in the red this quarter
- $7.3 billion in quarterly losses for Bank of America
- $10.4
billion the size of the company’s one-time charge the company will take due to fees caused by the Dodd-Frank financial reform act - $3.1
billion the size of the company’s net income otherwise, which beat estimates; they plan to be more transparent about fees in the future source