Investment Banking

Bank of America bond losses could top $100bn due to rising rates

The Wall Street bank has the largest unrealised losses in the sector and could be a focus of investor attention

A Bank of America location in New York
A Bank of America location in New York Photo: Angus Mordant/Bloomberg

A sharp rise in rates since the end of the third quarter widened losses on bank securities portfolio and could become an investor issue again when banks start reporting their fourth-quarter results in the next week.

Bank of America has the largest unrealized losses in the banking industry and could be a focus of investor attention.

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