Bank of America reports $1bn loss.

May be Bankof America doesnot know how to cook books!they should learn from Goldman Sachs.
Story:
‘Bank of America, the largest US bank by deposits, on Friday said it had lost $1bn in the third quarter as weakened consumers continued to translate into credit losses.’
http://www.ft.com/cms/s/0/263220e0-ba43-11de-9dd7-00144feab49a.html