8 January 2001, 11:13 Bank of America issued the following statement Thursday
Bank of America issued the following statement Thursday in
response to market rumors that it suffered large trading losses: "We
know of no basis to support speculative rumors about our operations. We
are conducting business as usual. The company has not experienced any
significant losses in derivatives or other trading activities. And the
company remains comfortable with its guidance for credit quality in 2001
as provided to investors last month."
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