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Bank of America Posts Quarterly Loss After Bailout (Update3)

Eschaton found this 1/16/2009 on bloomberg.com

Jan. 16 (Bloomberg) -- Bank of America Corp. , the largest U.S. bank by assets, posted its first loss since 1991 and cut the dividend to a penny after receiving emergency government funds to support the acquisition of Merrill Lynch & Co. The fourth-quarter loss of $1.79 billion, or 48 cents a ...