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Settlements Cut Into Citigroup, Bank of America Net Earnings for Q4, Full-Year 2014

By Brian Honea

Settlements with the federal government for mortgage servicing misconduct led to sharp year-over-year declines for Citigroup and Bank of America in both fourth quarter and full-year net incomes in 2014, according to Q4 2014 and year-end earnings statements for both banks released on Thursday.

The post Settlements Cut Into Citigroup, Bank of America Net Earnings for Q4, Full-Year 2014 appeared first on DSNews.

Via:: Settlements Cut Into Citigroup, Bank of America Net Earnings for Q4, Full-Year 2014

      

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