For BofA, billions more in legal costs from crisis

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BofA litigation costs total $43B over 4 years

Bank of America CEO Brian Moynihan said the bank faces up to an additional $9 billion in litigation costs related to the financial crisis and mortgages beyond what it holds in reserves. The bank has $14 billion of reserves to cover rep and warranty claims for bad mortgages.

Moynihan was speaking at the Goldman Sachs Financial Services Conference in Manhattan today.

BofA has already paid $43 billion in litigation and repurchase costs related to mortgages, according to Moynihan's presentation.