Countrywide Financial Corp., which is being acquired by Bank of America Corp., reports a first-quarter net loss of $893 million, or $1.60 per diluted share.The report says their provision for bad loans increased 888% to $1.5 billion. Yikes!
Countrywide Financial Corp., which is being acquired by Bank of America Corp., reports a first-quarter net loss of $893 million, or $1.60 per diluted share.The report says their provision for bad loans increased 888% to $1.5 billion. Yikes!
Links:
[1] http://www.bizjournals.com/nashville/stories/2008/04/28/daily18.html?ana=from_rss