Bank of America Posts a Loss for the Quarter

The North Carolina based lender Bank of America posted a billion dollar loss for the last earnings quarter. This perhaps may not sound surprising to many but if you consider that Citi posted a profit and Goldman Sachs was confused when someone mentioned something about a recession...ha.

But seriously Goldman Sachs is right back on top posting some real impressive numbers.

Citi Bank Scales Back Retail Banking Operations

Citi Bank which is one of the largest financial institutions in the world and in to a little bit of everything and a little bit too much, has announced plans to scale back their retail banking operations and has said it will be reducing the number of branches.