Bank of America Loses (And Gains!)
cityfile · 10/16/09 01:22PMIt's not all bad news for Bank of America today. Sure, the financial giant announced a $1 billion loss for the third quarter following heavy losses in its mortgage and credit card divisions. But it made some of it back within hours. Property records filed with the city today indicate the bank sold off its corporate apartment in the Time Warner Center for $7.2 million, and it purchased the place for $6.35 million three years ago. So if you're a Bank of America shareholder and it makes you feel any better, feel free to adjust the loss downward to 999,150,000. [NYT, NYO]