Bank of America might be looking for another injection

01/15/2009 | Financial Times (free content) ·

Amid reports that Bank of America needs another multibillion-dollar government injection, sources close to BofA say the bank wanted last month to call off its acquisition of Merrill Lynch after learning the depth of Merrill's fourth-quarter losses. Coupled with concerns about the financial health of Citigroup, the revelations about Bank of America indicate even greater woes within the U.S. banking sector.

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Financial Times (free content) ·

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