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Reuters: Bank of America nears govt aid, Citigroup shares drop

Started by dave, January 16, 2009, 12:59:12 AM

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dave

Bank of America nears govt aid, Citigroup shares drop
      


WASHINGTON/NEW YORK (Reuters) - Bank of America Corp may receive a $15 billion government infusion to help absorb Merrill Lynch, but shares of the bank and Citigroup Inc tumbled on Thursday on worries over their ability to handle soaring credit losses.<div class="feedflare">
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