Is This the Next Legal Nightmare for Bank of America?

In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss the next major lawsuit to show up at Bank of America's (NYSE: BAC  ) doorstep. Freddie Mac is suing 15 major international banks over their roles in the LIBOR manipulation scandal, which cost Fannie Mae and Freddie Mac a combined $3 billion in losses. Matt explains to investors just how big of an impact on Bank of America this new lawsuit could have.

Bank of America’s stock doubled in 2012. Is there more yet to come? With significant challenges still ahead, it’s critical to have a solid understanding of this megabank before adding it to your portfolio. In The Motley Fool’s premium research report on B of A, analysts Anand Chokkavelu, CFA, and Matt Koppenheffer lift the veil on the bank's operations, including detailing three reasons to buy and three reasons to sell. Click here now to claim your copy.


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  • Report this Comment On March 20, 2013, at 11:04 PM, airjackie wrote:

    BofA is still committing the same crimes while giving a wink and a lie to the Law Makers. Still stealing homes and robbing customers. Both BofA and JP Morgan Chase are doing the same thing with no punishment. If the DOJ and State AG's had the support to charge and prosecute these to Banks they would be out of business.

  • Report this Comment On March 21, 2013, at 3:32 AM, wek2 wrote:

    b of a will get away with it...and u can take that to the bank

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