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Bank Of America May Face Charges Related To Financial Crisis

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Bank Of America May Face Charges Related To Financial Crisis

Business

Bank Of America May Face Charges Related To Financial Crisis

Bank Of America May Face Charges Related To Financial Crisis

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  • <iframe src="https://www.npr.org/player/embed/208167238/208167207" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

In a regulatory filing Thursday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating.

DAVID GREENE, HOST:

NPR's business news starts with new trouble for B of A.

(SOUNDBITE OF MUSIC)

GREENE: In a regulatory filing yesterday, Bank of America revealed it may be facing civil charges over its activities during the financial crisis. The bank disclosed an investigation by the Department of Justice related to residential mortgage-backed securities. Bank of America says it's cooperating.

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