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Bank of America shares slide after surprise loss

Bank of America Corp. shares fell after the bank posted a surprise loss driven by $6 billion of costs tied to mortgage disputes. The stock slid 3.2 percent to $15.87 at 10:25 a.m. as investors assessed the latest in a line of legal expenses that have totaled more than $50 billion at the lender since the financial crisis. The drop was the worst in the 24-company KBW Bank Index today. The $276 million quarterly deficit was the fourth since Chief Executive Officer Brian T. Moynihan took the top job at the start of 2010. His predecessor's 2008 purchase of Countrywide Financial Corp. left Bank of America responsible for thousands of bad home loans and related mortgage debt. The latest $950...

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