• 11/25/2024

Bank of America Recognizes $1.6 Billion Charge on Discontinuation of Loan Index

Wall Street Journal

The charge was related to the discontinuation of an alternative reference rate, the Bloomberg Short-Term Bank Yield Index.

https://www.wsj.com/articles/bank-of-america-recognizes-1-6-billion-charge-on-discontinuation-of-loan-index-79147770