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IPFS News Link • Economy - Economics USA

Bailed out Bank of America earns $2.4B, ahead of estimates

• AP
Bank of America joined other major banks in reporting better-than-expected second quarter income, earning $2.42 billion even as losses from failed loans continued to rise.  "But big consumer banks, and Bank of America is the biggest, they are the ones who have the most to lose in a prolonged consumer-oriented recession."