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Currency Manipulation = Loss Of Currency For BofA

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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]



Citi, BofA, Wells Positioning Themselves For Post-Risk Trumperica

Ain't no party like a unregulated bank party, cuz an unregulated bank party might never EVER stop.