Bank of America Under Fire

Ratings agency Moody’s Investors Service downgraded Bank of America Corp. (BAC), chopping the rating for long-term debt from A2 to Baa1, with a negative outlook, leaving the short-term rating untouched for the time being.
Bank of America Under Fire
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/bac_124747378.jpg" alt="A cyclist rides past a Bank of America branch on Sept. 12 in Chicago. Bank of America was recently downgraded by Moody's Investors Service and faces numerous legal troubles. (Scott Olson/Getty Images)" title="A cyclist rides past a Bank of America branch on Sept. 12 in Chicago. Bank of America was recently downgraded by Moody's Investors Service and faces numerous legal troubles. (Scott Olson/Getty Images)" width="575" class="size-medium wp-image-1796872"/></a>
A cyclist rides past a Bank of America branch on Sept. 12 in Chicago. Bank of America was recently downgraded by Moody's Investors Service and faces numerous legal troubles. (Scott Olson/Getty Images)
Heide B. Malhotra
Heide B. Malhotra
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