Bank of America to Restate Financials to 2001

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00023669-bank-of-america-to-restate-financials-to-/

Bank of America Corp. said Wednesday it will restate financial statements going back to 2001 to adjust for accounting under standards adopted by the Federal Accounting Standards Board.

The decision will cause shareholders equity to be adjusted upward by $308 million, or less than 1 percent, as of Dec. 31, 2005, the bank said.

For this complete story, please visit Bank of America to Restate Financials to 2001.

Bank of America to Restate Financials to 2001

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