Monday 02, November 2009 by

Bank of America announces third-quarter net loss of $1 billion

Bank of America has reported a third-quarter 2009 net loss of $1 billion. After deducting preferred dividends of $1.2 billion, including $893 million related to dividends paid to the U.S. government, the diluted loss per share was $0.26.

Features & Analyses

Investment Banking View from the top

Mashreq CEO Abdulaziz Al Ghurair reveals his thoughts to Banker Middle East on the outlook for the UAE banking sector in 2016. read more