BofA swings to $1 billion loss
Bank of America Corp posted a $1 billion third-quarter loss as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator and sending its shares down 4.2 percent. The nation's largest bank received two taxpayer bailouts totaling $45 billion...
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- News Source: International Business Times | about 1 month agoThe former Merrill Lynch & Co wealth management unit, now led by former Citigroup Inc executive Sallie Krawcheck, will be a key driver behind Bank of America's ability to offset further losses from a business beleaguered by ongoing consumer credit...
- News Source: International Business Times | about 1 month agoBank of America Corp posted a $1 billion third-quarter loss as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator and sending its shares down 4.2 percent. The nation's largest bank...
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@jaketapper @nateallen80 so you think it's cool for the CEO of a company receiving taxpayer bailout funds to get, say, a $1 billion bonus?
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@louisestory We give you the scoop first on biggest puzzle in Bank of America case:what did lawyers advise on Merrill's losses? http://bit.ly/3pMvF1
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@pmintz Bank of America Announces Third-Quarter Net Loss of $1.0 Billion http://bit.ly/8mJSO
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