Bank of America Corp (BAC)

[stocksnoway]

And the gmen counter with this nugget!

WSJ: BofA's U.S. unit financed tax-avoidance trades
31 MINUTES AGOBAC
Not this stuff again, one imagines Bank of America (BAC -0.9%) shareholders saying.
According to the WSJ, BofA's U.S. banking subsidiary for years has helped finance transactions from the bank's European investment bank arm which, among other things, helped hedge funds avoid taxes on stock dividends. According to the Journal, BofA has made about $1B in revenue from "dividend arbitrage" since the financial crisis.
The practice - which drew the attention of regulators both for reputational risk as well as the need to wall off insured deposits from risky trades - has ended, says a bank spokesman.