BofA Needs to Build $50 Billion Cushion for Housing Losses

BofA Needs to Build $50 Billion Cushion for Housing Losses

Jin Lee/Bloomberg

Bank of America, which under Basel rules may be labeled a systemically important financial institution, or SIFI, expects to have $1.8 trillion in risk-weighted assets by 2013 and said it intends to reduce that figure to ease capital needs.