Vast amounts of money dumped into BAC projects areas with no return on investments.
Bank of America ‘Living Will’ Doesn’t Meet Regulatory Standards.
Regulators told Bank of America Corp. to rewrite its plan detailing how it would go through a potential bankruptcy.
http://www.nytimes.com/2016/04/14/business/dealbook/living-wills-of-5-banks-fail-to-pass-muster.html