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B of A told Fed it could sell branches in emergency: source
"The fact that the bank proposed selling branches doesn't mean it's a desirable move or highly probable, the person said.
The bank's shares fell nearly 60 percent last year amid concerns about the company's capital position, but are up 19 percent this year."
Let's see...
-
60%
+
19%
=
-
41%
That's correct. They are still
-
41% in the red
.
Simple arithmetic!
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