new York Bank of America has felt the fall in interest rates in the United States. Earnings fell four percent to $ 7 billion in the fourth quarter, the second-largest American bank said on Wednesday.
The lower margins were only partially offset by higher lending, and the provisions for bad loans increased. Full-year earnings fell to $ 27.4 billion from $ 28.1 billion in 2018 because of a billion-dollar write-off in the summer.
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