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Earnings At Bank Of America Tumble, Surprising Investors
Bank of America's third-quarter earnings dropped 32 percent, badly hurt by a spike in consumer credit costs and the poor performance of an investment banking unit that has clamored for respect on Wall Street. ...more
October 19, 2007
Morgan Stanley's Profit Drops 17%
Morgan Stanley on Wednesday said third-quarter profit sank 17 percent, as the No. 2 U.S. investment bank was forced to write down nearly $1 billion in loans amid the global credit crisis. ...more
September 20, 2007
Stocks End Week In Another Nose Dive
Wall Street plunged anew Friday, hurtling the Dow Jones industrial average down more than 280 points after comments from a major investment bank exacerbated the market's fears of a widening credit crunch. ...more
August 3, 2007
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