Bank of America Profit, Litigation Costs

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Oct. 17 (Bloomberg) -- Brian Charles, an analyst at RW Pressprich & Co., and Neil Barofsky, former special inspector for the U.S. Treasury's Troubled Asset Relief Program, and a Bloomberg Television contributing editor, talk about Bank of America Corp.'s third-quarter earnings and outlook. The second-largest U.S. lender said profit dropped 95 percent on litigation expenses and an accounting charge tied to the firm’s debt. Barofsky and Charles speak with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)