Bank of America says financial reform to cost billions
Moves to overhaul Wall Street will cost Bank of America billions of dollars, one of the company's leading executives said Friday.As lawmakers sent a massive financial reform bill to President Barack Obama's desk for signature, Bank of America's top financial officer Charles Noski said the impact would be felt across the firm."In the third quarter, legislation will also hurt our value," he told investors on a quarterly earnings conference call.
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