Wednesday 20, July 2011 by

$8.8 billion loss for Bank of America

Bank of America has reported a net loss of $8.8 billion for the second quarter of 2011, compared with net income of $3.1 billion in the year-ago period. Excluding certain mortgage-related items and other selected items, net income was $3.7 billion in the second quarter of 2011.

Features & Analyses

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more