Lender regarding America delivering most $20B during the bailout financing
Arizona — Brand new You.S. government early Monday morning accessible to purchase $20 million in the Financial regarding The usa, in order to include the lending company up against to $118 mil during the potential loss of financial assets about risky mortgages.
Early Tuesday morning, Lender out of The usa reported a great $dos.39 million fourth-quarter losings and you may slashed their every quarter bonus in order to a cent. Meanwhile, Merrill Lynch released a $ million loss towards the several months.