Bank of America Posts First Loss in 17 Years

January 15, 2009

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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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