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Selected NewsBank of America tipped to post $7.2b loss (Daily Telegraph)BANK of America, the largest US retail bank, may set aside a record $US6.5 billion ($7.2 billion) in the first quarter to cover possible future loan losses, including in its mortgage and home equity portfolios, according to a banking analyst. Read more Bank of America May Take $6.5 Billion Loss Provision (Update1) (Bloomberg.com)March 22 (Bloomberg) Bank of America Corp. , the second biggest U.S. bank by assets, may take a record $6.5 billion loan loss provision in the first quarter to cover possible future losses in its home equity and mortgage portfolios, Punk Ziegel and Co. analyst Richard Bove wrote. Read more Blogs about Home Equity Loan Lender
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