2008-04-22 — moneyweb.co.za
``Bank of America Corp. is the most recent victim. The bank's first-quarter earnings, reported Monday, were worse than expected because of a $6 billion addition to its loan-loss reserve. That expense dwarfed the bank's $1.31 billion of trading-related losses in the quarter -- an indication that reserve building is taking over from write-downs as the newest big threat to earnings.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
