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Financial News

Friday January 16, 09:45 PM

 

 

Bank of America said that 2008 net profit fell 73 percent

By Nicholas Kamm

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People use a Bank of America automatic teller machine in Washington. Bank of America said that 2008 net profit fell 73 percent from the prior year, to 4.0 billion dollars, due to rising credit costs and heavy write-downs. People use a Bank of America automatic teller machine in Washington. Bank of America said that 2008 net profit fell 73 percent from the prior year, to 4.0 billion dollars, due to rising credit costs and heavy write-downs.


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