Bank of America says participation in federal stimulus programs led to losses

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Bank of America Corp said in a filing on Wednesday that its participation in government stimulus programs like the Paycheck Protection Program ...

Bank of America Corp said in a filing on Wednesday that its participation in government stimulus programs like the Paycheck Protection Program and processing unemployment insurance has led to operational losses.

FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo AllegriREUTERS: Bank of America Corp said in a filing on Wednesday that its participation in government stimulus programs like the Paycheck Protection Program and processing unemployment insurance has led to operational losses.U.S.

 

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