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Bank of America Reports Fourth-Quarter Loss

CHARLOTTE, N.C., Jan 21, 2011 (BUSINESS WIRE) - Bank of America Corporation today reported a net loss of $1.2 billion, or $0.16 per diluted share, for the fourth quarter of 2010, including the previously announced goodwill impairment charge of $2.0 billion in the Home Loans and Insurance segment.

Royal Bank Of Scotland Said To Score Own Goal

Bloomberg reports that RBS Securities is counting the cost of what looks like a silly error made by one of its staff who is alleged to have sent out an 'unauthorized' e-mail to clients concerning the planned IPO of US TV ratings company Nielsen Holdings.

JPMorgan M&A Shake Up

JPMorgan has announced that Jimmy Elliott, a 14 year veteran of JPMorgan, will become Global Chairman of Mergers and Acquistions.