Loan losses in the United States and abroad could damage upcoming earnings at BankBoston Corp. and BankAmerica Corp.

On Wednesday, BankBoston said that it was seeking to recover some $70 million in unauthorized loans . The bank said that it hoped either to recover the loans or collect from an insurance policy with Lloyds of London for the portion it may not be able to recover.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.