Bank of America on Friday reported a net loss of $2.4bn in the fourth quarter — its first quarterly loss in 17 years — and revealed that Merrill Lynch, which it acquired this month, lost $15.5bn separately in the same period.
COMPANIES
Merrill’s loss puts BofA’s federal aid into context
By Greg Farrell in New York
Published: January 16 2009 13:29 | Last updated: January 16 2009 20:25
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