Currency Manipulation = Loss Of Currency For BofA

Wondering where that $400 million went? You know, the $400 million that was the difference between a third-quarter profit and third-quarter loss for Bank of America? Well, it went exactly where you’d expect it to have gone.

Bank of America is nearing a deal with federal regulators to settle an investigation into the bank’s suspected manipulation of the currency market….

Bank of America Sets Aside $400 Million More for Currency Inquiry [DealBook]