A handful of banks made a loan to the ex-chairman of South African retailer Steinhoff International
The loan went belly-up after Steinhoff became embroiled in an accounting scandal.
That cost Wall Street banks over $1 billion on their fourth-quarter earnings.
Bank of America has hired an outside law firm to figure out whether the losses could've been prevented, according to The Wall Street Journal.
A bad loan to the ex-chairman of embattled South African retailer Steinhoff...
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