Bank of America Corporation (BAC) May Lead Banks in Home-Equity Losses

Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may lead 20 publicly traded U.S. banks that charge off as much as $40.9 billion on home-equity investments this year, Fitch Ratings said.

Starting on July 1st, Bank of America Corp (NYSE: BAC) will no longer dependents between age 19 to 24 to be students. As of September 15th, children enrolled between the ages 19 and 26 will be able to receive health coverage under employee health plans.

“We are learning from the past where we struggled mightily,” Vernon said, “and from now as we still struggle. We need the best to execute these transactions.”