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.
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. Try any of our Foolish newsletter services free for 30 days. 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.