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Hours after receiving another government lifeline, Bank of America announced gaping fourth- quarter losses on Friday. The bank lost $1.79 billion in the fourth quarter, down from a gain of net income of $268 million a year ago, with the reversal caused largely by growing consumer loan losses
Bank of America Posts Loss as It Gets New Aid
Seeded on Fri Jan 16, 2009 1:16 PM EST
Article Source: The New York Times- Enjoy this article? Help vote it up the 'Vine.
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