A collection of businesses fraught with risk. A seedbed of cultural dissonance. A company that did too much to increase in size, and not enough to contain the rot beneath the foundation of its supersized balance sheet.

This has long been the rap on Citigroup Inc., but increasingly the description is being applied to Bank of America Corp., which seems to have taken over for Citi as the poster child for what can go wrong at a big, complicated bank.

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