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Selected NewsBank of America may face $9b loan loss (Straits Times)BANK of America, the largest United States retail bank, may set aside a record US$6.5 billion (S$9 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 Opening Bell: Regulation (Columbia Journalism Review)Paulson the heretic; the death of homeequity loans; is New Century Financial the next Enron; etc. Read more Bank 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 US World News, Thursday 3/27 (FOX 7 WTVW Evansville)Unemployment Claims Drop (Washington, DC) Theres a hopeful sign on the nations jobs front. The newest Labor Department report shows for the week ending March 22nd, nine thousand fewer people applied for unemployment insurance than in the previous week. Read more Blogs about Us Home Equity Loan
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