Talking Business

May 6, 2014

Just a little $4 billion error

If you’re a bank executive, it’s never going to be easy to tell your shareholders: Oops, we made a $4 billion mistake! But the disclosure last week by Bank of America that it had $4 billion less in regulatory capital than it thought came at a particularly awkward time, just days before its annual shareholder meeting, scheduled for Wednesday in Charlotte, N.C.

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