BBC News | Bank of America and Wells Fargo hit by oil price fall BBC News Bank of America and Wells Fargo have both reported a fall in first-quarter profits after they put aside more cash to cover bad loans to energy firms. Net income fell 13% to $2.7bn (£1.9bn) at Bank of America, while Wells Fargo said net income dropped ... Wells Fargo Reports Minimal New Credit Issues Despite Plunging Oil Prices Wells Fargo's profit hurt by slump in oil prices |