Market Surprises: Bank of America (NYSE:BAC), Citigroup (NYSE:C), Google (NASDAQ:GOOG), Charles Schwab (NYSE:SCHW)

Bondholders are penalizing Bank of America (NYSE:BAC) the most of any of the largest U.S. financial firms as the investigation into the foreclosure crisis expands. Credit-default swaps on the country’s largest bank by assets are above those of its peers by a record margin, according to data provider CMA. The contracts, which imply Bank of America has lost its investment-grade rating, exceed Citigroup (NYSE:C) by the most ever and surpassed Morgan Stanley’s this week for the first time in a year. Attorneys general from all 50 states joined to open an investigation into whether lenders and mortgage companies falsified documents… . . . → Full Story: Market Surprises: Bank of America (NYSE:BAC), Citigroup (NYSE:C), Google (NASDAQ:GOOG), Charles Schwab (NYSE:SCHW)