Chief Executive Ken Lewis had announced a deal to buy Countrywide Financial in a fire-sale deal for $4.1 billion, an acquisition that had the potential to make the bank the biggest lender in the nation. B. of A. BAC +0.99% reported a profit of $3.7 billion, and revenue was a record $20.3 billion.
via Rats at Bank of America – David Weidner’s Writing on the Wall – MarketWatch.
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