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BofA posts $8.8 billion net loss, worst ever

By: Yossel in BRKB | Recommend this post (0)
Tue, 19 Jul 11 4:23 PM | 15 view(s)
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BofA posts $8.8 billion net loss, worst ever

Pedestrians walk past a Bank of America sign on a building in Times Square in New York March 8, 2011.

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp reported the biggest quarterly loss in its history, $8.8 billion, after more than $20 billion of charges linked to mortgages.

Credit:
Reuters/Lucas Jackson
Joe Rauch

CHARLOTTE, North Carolina
Tue Jul 19, 2011 8:30am EDT

link-
http://www.reuters.com/article/2011/07/19/us-bankofamerica-idUSTRE76I0K620110719




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