Bank of America receive $20bn cash injection

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Bank of America receive $20bn cash injection

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01-16-2009, 10:44 AM

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Bank of America receive $20bn cash injection

Emergency funding of $20 billion (£13.4 billion) has been provided to Bank of America after it shares plummeted 17.5% yesterday amid speculation that the bank might be nationalised. In return for the cash injection, the bank must adhere to strict restrictions on senior management pay. Bank of America has been one of the strongest [...]

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