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

Started by chris, January 16, 2009, 02:59:15 AM

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chris

Bank of America nears government aid, Citigroup shares drop
      


WASHINGTON/NEW YORK (Reuters) - Bank of America Corp is on the cusp of receiving a government infusion to help absorb Merrill Lynch &amp; Co, 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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