BUSINESS INFORMATION - Bank of America on Friday announced a net loss worse than the estimated 1.0 billion dollars in the third quarter, related to terbebaninya assets from Merrill Lynch and other costs.
Total losses to shareholders even greater recorded 2.24 billion dollars or 26 cents per share, worse than analysts had expected.
Special dividend paid by the bank 1.2 billion dollars including 893 million to the U.S. government for capital injections.
Largest U.S. bank in terms of assets said the negative results is the impact of the weakening U.S. economy and the world and pressure on consumers who continue to place high credit costs.
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