Banking
Mar 23, 2008
Bank of America may face $6.5 bln loan loss: analyst
“It is my impression that the management has made a decision to try to take, upfront, the potential losses that it believes may be nascent.”
Bank of America Corp , the largest U.S. retail bank, may set aside a record $6.5 billion in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, ... via WNED.org
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they reduced my available home equity line limit by 50%, no notice, there one day, the next day gone. I have never seen anything like this
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Judge it!
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