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Bank of America posts 4Q loss; gets $20B from US

wral.com » 2009 » January » 16th » Bank of America posts 4Q loss; gets $20B from US

Tagged: business

Escalating credit losses have driven Bank of America to report a $2.4 billion fourth-quarter loss and slash its quarterly dividend to a penny. The federal government has agreed to inject $20 billion worth of fresh capital into the bank, in addition to the $25 billion in rescue funds Bank of America already received … Continue Reading »

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