BofA’s Bet on Small College’s Bonds Poised for Loss Post-Closure
The anticipated sale of a shuttered college campus in Ohio means Bank of America Corp. will likely recoup some of its investment two years after closure — but that still...
By Amanda Albright, Elizabeth Rembert · Bloomberg
The anticipated sale of a shuttered college campus in Ohio means Bank of America Corp. will likely recoup some of its investment two years after closure — but that still might not be enough to recover the full $18 million it’s owed.