Monday, April 21, 2008

Bank of America Q1 profit falls 77% on credit losses

(NEW YORK) Bank of America Corp (BOA), the largest US retail bank, yesterday said quarterly profit fell a larger-than-expected 77 per cent, dragged down by more than US$5 billion of writedowns and credit-related costs.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,276019,00.html?

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