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Capitalizing On A Bank Of America Slowdown
Financial Sector and Stocks Analysis from Seeking Alpha
Mon, 19 Nov 2012
By John Mylant : Bank of America ( BAC ) continues to reduce its home mortgage servicing portfolio as it reduces its role altogether in the mortgage business. New international rules require more capital and expenses in servicing, collecting payments, and assisting delinquent home owners. It is ...
Bank of America's current management team has allowed the firm to have possibly the strongest capital position among major U.S. banks, says Oakmark's Bill Nygren.