Bank of America Posts First Loss in 17 Years

January 15, 2009

Bank of America Corp., posted its first quarterly loss in 17 years on Friday and slashed its dividend, hours after winning a multibillion-dollar lifeline from the U.S. government to help absorb Merrill Lynch, which lost a record $15.31 billion in the quarter.

*For more on this story,

read the full Reuters article.

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Bank of America Posts First Loss in 17 Years

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