Web Analytics Business News This Week Bank of Americal lost $1.22 billion in fourth Quarter | Business News This Week

Jan 22, 2011

Bank of Americal lost $1.22 billion in fourth Quarter

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Bank of America, the one of the largest banks in USA, has registered huge loss due the housing crisis, according to media reports. It is expected that the housing crisis would further weigh high on the bank. Around $1.2 billion was lost in the fourth quarter of last year. The loss in the occurred in last year would be the calculated six times of the loss incurred in 2009.

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