News Tag: profit down
April 22, 2008
Bank of America (BoA), the second-biggest bank in the US, posted an $8 billion (£4 billion) hit from the credit squeeze in the first 3 months of 2008, reducing its profit for the period by 77%.
Profit dropped for a third consecutive quarter and was below analysts predictions.
The bank, which has its headquarters in Charlotte, North Carolina, set aside $6.01 ...
Bank of America quarterly profit down 77%
by Kay Murchie
