Industry News

BofA says Countrywide deal on track

Troubled lender reports $704 million 2007 loss
Published on Jan 29, 2008

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by CareyBot

Bank of America Corp. says it’s moving forward with its $4 billion acquisition of Countrywide Financial Corp. even as the troubled lender reported a $422 million fourth-quarter loss. Countrywide’s losses for the year totaled $704 million, thanks to an even ...