Bank of America loses $2.24B as loan losses rise

CHARLOTTE, N.C. – Bank of America Corp. said Friday it lost more than $2.2 billion in the third quarter as loan losses kept rising, providing further evidence that consumers are ...

FDIC: Bank Failures to Cost $100 Billion

WASHINGTON — Federal regulators said Tuesday they expect U.S. bank failures to cost the deposit insurance fund about $100 billion in the next four years and the fund to be ...