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Bank of America Racks Up Bond Losses That Could Top $100B

2 pointsby moose_manabout 1 year ago

2 comments

Kon-Pekiabout 1 year ago
&gt; the bank has said in the past that it has no intention of selling any of the bonds in the held-to-maturity, or HTM, portfolio and that the losses will melt away over time as bonds get paid off or mature.<p>This is true, if they actually hold them to maturity and there are no&#x2F;few defaults.
moose_manabout 1 year ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;Q46oB#selection-227.0-227.64" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;Q46oB#selection-227.0-227.64</a><p>Honestly, thats a staggering loss. I&#x27;m shocked.