News

March 24, 2008

Bank of America may face $6.5 billion loan loss: analyst (Reuters)

Filed under: Real Estate — Admin @ 5:05 am

A taxi speeds past a Bank of America branch in New York's Times Square January 11, 2008. (Brendan McDermid/Reuters)Reuters - Bank of America Corp , the
largest U.S. retail bank, may set aside a record $6.5 billion
in the first quarter to cover possible future loan losses,
including in its mortgage and home equity portfolios, according
to a banking analyst.

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