Relevant:
- Bank of America, AmEx May Suffer on Card Defaults
- Bank of America to Acquire Countrywide for $4 Billion
- Bank of America, PNC Unload $8.3 Billion of BlackRock Shares
- Bank of America, Citigroup, Credit Card Defaults Soar To New Highs
- Mortgage Debacle Costs U.S. Banks $66 Billion as Bad Home Loans Sap Profit
2011-02-22 — market-ticker.org
``Bank of America Corp., the biggest U.S. lender by assets, almost doubled a goodwill impairment for its credit-card unit to $20.3 billion to reflect increased defaults and an almost two-year-old change in rules... Incidentally, that $10 billion increase is about 7% of the firm's market cap, but they're only down 4% on the day. Looks like people still believe in the candy-crapping Unicorn.''
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