NEW YORK (Reuters) - Bank of America Corp (NYSE:BAC - News) on Friday revealed that its U.S. operations lost money in the second quarter as the quality of consumer and commercial loans deteriorated.
In its quarterly report filed with the U.S. Securities and Exchange Commission, the largest U.S. bank said it lost $255 million in the United States, and would have lost money elsewhere but for a $3.5 billion after-tax gain from a sale of part of its stake in China Construction Bank Corp (Shanghai:601939.SS - News). http://finance.yahoo.com/news/Ba ... 5.html?x=0&.v=1
Bank of America lost money in U.S. in second quarter