Bank Of America Posts 1.6 Billion Quarterly Loss

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A pedestrian walks by a Bank of America branch office on January 21,... News PhotoBank of America,Branch,Business,California,Corporate Business,Economy,Finance,Horizontal,Office,Pedestrian,San Francisco - California,USA,WalkingPhotographer Collection: Getty Images News 2011 Getty ImagesSAN FRANCISCO, CA - JANUARY 21: A pedestrian walks by a Bank of America branch office on January 21, 2011 in San Francisco, California. Bank of America reported a fourth quarter loss of $1.2 billion, or 16 cents a share, bringing total losses for the year to $2.23 billion, or 37 cents a share. (Photo by Justin Sullivan/Getty Images)