2008-04-22moneyweb.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.''


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