John Carney | Red Flags Popping Up All Over Bank of America

CNBC–

Bank of America [BAC 12.82 -0.31 (-2.36%) ] shares gave up more than 2 percent Friday on disappointing earnings. But a bad quarter may be the least of the bank’s worries.

The largest bank by deposits just lost its chief financial officer and just hired one of the most connected regulatory lawyers in the U.S.

Both events are alarming.

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