ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday inaugurated …
Read More »BofA’s profit up on consumer loan growth
Bloomberg US consumers are levering up again, and Bank of America Corp. (BofA) is using that, along with cost cuts, to boost profit. Bank of America’s consumer unit posted its highest earnings in more than eight years in the second quarter, helping the lender top analysts’ estimates. Loans in that business climbed 6.6 percent compared with a year earlier, according …
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