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 (BAC 1.79%) 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.
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Is This the Next Legal Nightmare for Bank of America?
By Matt Koppenheffer and David Hanson
–
Mar 20, 2013 at 6:01PM
NYSE: BAC
Bank of America
Market Cap
$339B
Today's Change
(1.79%) $0.79
Current Price
$45.02
Price as of June 18, 2025, 3:58 p.m. ET
The LIBOR scandal catches up to Bank of America.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America and Barclays PLC (ADR). The Motley Fool owns shares of Bank of America, Citigroup, and JPMorgan Chase. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Stocks Mentioned
Bank of America
BAC
$45.02
(1.79%)
$0.79
Citigroup
C
$78.27
(1.18%)
$0.91
JPMorgan Chase
JPM
$273.82
(1.59%)
$4.30
Barclays
BCS
$17.66
(0.91%)
$0.16
NatWest Group plc
NWG
$14.17
(1.00%)
$0.14
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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