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Bank of America not Immune from Turmoil

Started by morganb · 1 year ago

Bank of America today reported larger-than-expected losses resulting from credit-related losses and poor investment banking returns.  The company, which was one of the few to not report massive write-down charges on their investment portfolios due to subprime mortgage performance prior to releasing earnings, surprised analysts by reporting a 32% drop in profit for the 3rd […] ... Continue reading »

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