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Home / News / Banking/Savings and Loans / Bank of America posts $7.7B loss, will resume foreclosures in 23 states

Bank of America posts $7.7B loss, will resume foreclosures in 23 states

NEW YORK CITY — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer.