A multi billion dollar aid package for Bank of America is being considered by the federal government to help with losses at Merrill Lynch.
Bank of America’s shares fell another $1.88, to close at $8.32. Bank of America benefited from last Fall’s relief aid, receiving $25 billion in aid. Even with aid from the government, Bank of America stocks continue to plunge.
Wall Street is bracing for another round of losses from the banks.